Teslarati

JANUARY 10, 2024

Tesla Model 3 Highland leases are more affordable thanks to a loophole in the Inflation Reduction Act about commercial vehicles. Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. The IRA loophole Tesla applies to the Model 3 Highland leases is not new.

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Teslarati

JANUARY 2, 2024

Treasury’s updated guidance on the federal electric vehicle (EV) tax credit has officially taken effect. The Tesla Model 3 Long Range (LR) and Rear-Wheel-Drive (RWD) configurations are no longer eligible for the $7,500 tax credit as of January 1. Elon Musk congratulates Tesla team on 2023 numbers What are your thoughts?

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Teslarati

JANUARY 25, 2024

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. Hyundai & Kia take second place after Tesla in US EV sales Customers interested in purchasing a MY 2023 or MY 2024 ID.4

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Teslarati

JANUARY 7, 2024

According to the United States (US) Treasury Department, more auto dealers are signing up for the point-of-sale electric vehicle tax credit. In November 2023, the US Treasury announced that car dealers would receive direct tax credit payments, enabling them to offer customers immediate rebates at the point of sale.

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Teslarati

APRIL 7, 2023

The Tesla Model 3 RWD, the most affordable vehicle in the company’s lineup, will see its federal tax credit reduced from $7,500 to $3,750, as confirmed by an update on Tesla’s official Model 3 page. The reduction in the federal tax credit for the Model 3 RWD will take effect on April 18.

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The Driven EV News

JULY 31, 2022

Labor says its electric vehicle tax cuts ar e“good for motorists, good for climate action and good for fleet purchases”. They won’t, however, help most Australians afford one. The post Why Labor’s new tax cut on electric vehicles won’t help you buy one anytime soon appeared first on The Driven.

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Baua Electric

JANUARY 20, 2024

How can you claim up to $7,500 off some new Tesla models at the time of purchase? With $7,500 of “retail bonus cash”—a rebate on purchases, not leases–the 2024 Hyundai Ioniq 6 is much cheaper than the Tesla Model 3. Toyota also dismisses the viability of an affordable EV —in this case, specific to the European market.

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Electrek

AUGUST 15, 2023

California has added a new $2,000 incentive for low- and moderate-income EV buyers, bringing the total state incentives to $9,500. On top of the federal $7,500 EV tax credit and potential local or regional credits, this means some new EV buyers can get $17,000 or more back on the purchase of a new EV.

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Teslarati

NOVEMBER 30, 2021

The all-too-common myth that electric vehicles are not affordable to the average American is now being reignited by former Trump White House Communications Official Mercedes Schlapp, among others, who ripped Transportation Secretary Pete Buttigieg for suggesting that the answer to rising gas prices was to buy an electric car.

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Baua Electric

JANUARY 3, 2024

As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place. More on that below.

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Teslarati

APRIL 26, 2024

These Quicksilver Model Y units now seem to be available for purchase through Tesla’s Inventory page. A look at Tesla’s Inventory page for the Model Y shows that several vehicles in Quicksilver are currently available for purchase. Don’t hesitate to contact us with news tips.

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EV Adoption

AUGUST 18, 2021

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). In this part 2 article, we’ll dive deeply into the elimination of the per manufacturer 200,000 EVs sold phaseout.

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Teslarati

FEBRUARY 7, 2023

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.

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Baua Electric

MAY 20, 2024

Of those car shoppers surveyed, 24% said they were “very likely” to consider purchasing an EV—down from 26% a year ago. The share of respondents who said they are “overall likely”to consider purchasing an EV also decreased, from 61% in 2023 to 58% this year. In statement, J.D. 2024 Volkswagen ID.4

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The Truth About Cars

AUGUST 23, 2023

Mitsubishi recently announced that it would discontinue the Mirage, removing one of America’s few remaining affordable new cars. As Automotive News pointed out, the shift is likely tied to Kia’s electrification ambitions. Average vehicle purchase prices in the U.S. Average vehicle purchase prices in the U.S.

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EV Life

SEPTEMBER 2, 2022

The passage of the US Inflation Reduction Act includes nearly unlimited funding for a $7500 EV tax credit on new EVs through 2032. In the long term, the Inflation Reduction Act promises to accelerate electric car affordability for millions of Americans, the next couple of years are going to be a challenge. 2022 EV Tax Credits.

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Charged EVs

SEPTEMBER 22, 2022

The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. The revamped tax credit scheme is clearly a great improvement over its predecessor. Unpacking the Inflation Reduction Act.

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Plug in America

AUGUST 10, 2022

According to a recent report, plug-in hybrid and EV inventory levels are at record lows with less than 20-day supply at dealerships nationwide compared to the nationwide average of 38-day supply leading to record-high pricing, with the average new car transaction price at a record $48,043.

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Teslarati

JUNE 8, 2023

A look at Tesla’s official pages for the Model 3 sedan and Model Y crossover shows that the electric vehicle maker is highlighting the fact that the electric cars are eligible for the IRA’s $7,500 tax credit. But this is not all, as customers who are eligible for state and local incentives could make the car even more affordable.

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Teslarati

NOVEMBER 6, 2021

The new EV tax credit breakdown could award as much as $12,500 for an EV purchase, but that’s not the best part. As the EV industry continues to embrace new vehicle styles and expand to more consumers, the language in the bill reflects new body types and supports domestic manufacturing.

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Baua Electric

MAY 24, 2024

and that’s unlikely to change due to new tariffs. But nearly half of survey respondents said they were familiar with Chinese vehicle brands, and about 35% said they could consider purchasing a vehicle from a Chinese brand. Chinese automakers also sell more affordable EVs—something currently lacking in the U.S.—in

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Clean Fleet Report

JUNE 15, 2021

One of the reasons behind the drastic increase in sales was the more affordable price range of the Tesla Model 3, a best-seller in the U.S., Car dealerships will advise you on the frequency of maintenance needed at the time of purchase. Tesla’s Model 3 paved the way to powerful, affordable EVs. Some of the New EV Choices.

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Teslarati

APRIL 29, 2023

The Tesla Model 3 now qualifies for the full $7,500 EV incentive thanks to a new loophole in the tax incentive system. Bloomberg notes that, due to this new loophole, Ford’s credit division now believes a record number of its EVs will be acquired through lease instead of a traditional purchase.

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Teslarati

APRIL 14, 2024

While the press release didn’t disclose how much the department paid for the Model Y units, the most affordable inventory Model Y on Tesla’s website in the Anaheim area is selling for $41,390 before tax credits.

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Teslarati

FEBRUARY 12, 2024

While the Equinox EV 1LT’s starting price of $34,995 price seems quite a bit higher than the “around $30,000” estimate shared by GM in the past, it is still a fairly affordable electric vehicle. Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

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Teslarati

JANUARY 14, 2023

The Tesla Model 3 price cuts have put the cost of a new base Tesla Model 3 lower than that of some used Tesla Model 3s in some cities. The recent price cuts enable buyers to purchase a base Model 3 for $43,990, and with the EV tax credit, that price is further reduced. Follow us for interactive news & more.

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Teslarati

JANUARY 22, 2024

especially, Tesla is adjusting the narratives that surround some of its vehicles and their eligibility for EV tax credits. Two Model 3 configurations lost the tax credit, and as it is one of the best-selling EVs in Tesla’s lineup, it is not a positive, although the car is still affordable. I’d love to hear from you!

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Teslarati

MAY 25, 2021

Telsa could dominate the United States and Canada’s used car industry as politicians contemplate introducing tax credits and rebates for used electric vehicles (EVs). Tesla started producing its affordable Model 3 sedan only a few years ago, but it has already started making headways in the used car market.

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Teslarati

AUGUST 2, 2022

Currently, the United States offers consumers a $7,500 tax credit when they purchase an electric car, though this is capped at 200,000 units. After this mark is achieved, the EV tax credit is gradually phased out. Don’t hesitate to contact us with news tips.

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Teslarati

JUNE 26, 2023

Ford is offering special financing on the Mustang Mach-E and F-150 Lightning as it is attempting to make its electric vehicles more accessible by improving affordability through both leasing and purchasing. You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com.

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EV Life

JUNE 8, 2023

Like their electric car cousins, all-electric SUVs have come a long way—batteries have evolved to increase range and improve performance, new motors are providing impressive torque and towing capabilities, and prices have come down to make options more affordable, making these SUVs some of the most attractive sport utility options out there.

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Baua Electric

JANUARY 12, 2024

Hyundai is offering a $7,500 purchase incentive on the 2024 IONIQ 6. It’s essentially like receiving the full EV tax credit with a new purchase. The cash offer could bring the IONIQ 6’s MSRP of $38,615 down to just over $30,000 ($31,115) as one of the most affordable EVs on the market.

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Baua Electric

MARCH 21, 2024

It also regained full eligibility for the $7,500 EV tax credit, bringing starting prices down to as low as $42,695. GM said a more affordable Blazer EV LT FWD model will be introduced later this year, with starting prices under $50,000. The letter stated, “Chevrolet recently announced a new MSRP reduction on 2024 Blazer EVs.

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EV Life

AUGUST 4, 2023

Today, we’ll be taking a look at one of Chevy’s most popular, affordable, and revolutionary offerings, the Chevrolet Bolt EUV. We’ll also explore the best ways to save money on the purchase of a Bolt EUV by taking advantage of available EV incentives with an EV Climate Loan through EV Life. Colorado Electric Vehicle Tax Credit.

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Baua Electric

MARCH 13, 2024

Nissan and Honda are considering teaming up to introduce more affordable EVs to compete with Chinese automakers like BYD. The partnership could include a new EV platform. Nissan looks to move to a common EV powertrain, which the two could partner up on purchasing. With the $7,500 EV tax credit, the EV starts at under $40,000.

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Baua Electric

MARCH 12, 2024

More than 38% of CarMax customers who own a Prius purchase another one, according to the company. 2013 Toyota Prius liftback That same analysis also found last year, ahead of used-EV tax-credit eligibility, prices were rising on used plug-in hybrids. That makes the Prius the model with the highest loyalty in CarMax’s inventory.

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The Truth About Cars

FEBRUARY 28, 2024

The plan included adding import taxes on Chinese vehicles assembled in Mexico, even though the USMCA (and NAFTA before that) would have normally given them preferential treatment. Despite having vanished from our roads, you can still purchase both as Chinese imports sold in Mexico. However, U.S.

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