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Volkswagen ID.4 becomes Top 3 most affordable U.S. EV, but there’s a catch

Teslarati

4 will be the third most affordable electric vehicle offering in the United States, but the German automaker will nerf performance to reach the price point. VW now realizes just how competitive the electric SUV space has become, and the company hopes to become more competitive with a recent price cut in the U.S.

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Ford investing $3.5B to build LFP battery plant in Michigan; partnering with CATL

Green Car Congress

This lower-cost battery, at scale, will help Ford contain or even further reduce EV prices for customers. These LFP batteries will power a variety of affordable, next-generation Ford EV passenger vehicles and trucks under development, most of which will be assembled in the US. With this $3.5-billion

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Notable Updates are Coming to the VW ID.4 for 2024, but Only the More Expensive Models

The Truth About Cars

VW started building the SUV in Tennessee and sources batteries from SK On, giving the vehicle full access to the $7,500 credit. Even the more expensive configurations are more affordable than many competitive EVs, but it’s important to note that VW hasn’t released 2024 pricing yet. 4 one of the most affordable EVs on sale today.

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The Nissan Leaf is Eligible for a $3,750 Tax Credit Again

The Truth About Cars

The Nissan Leaf was already the most affordable EV on sale, but recent changes have made it even cheaper. The Leaf doesn’t qualify for that half, but Nissan builds the car and its batteries at its plant in Smyrna, Tennessee, giving it access to the other $3,750.

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Volkswagen ID.4 with SK ON battery components eligible for full $7,500 tax credit in 2024

Teslarati

4’s price range competitive with conventional compact SUVs. because it expands the choice of truly affordable EVs. 4 is already one of the lowest-priced electric SUVs on the market, and the $7,500 Federal Tax Credit makes it even more attainable. This is great news for consumers in the U.S.

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Blazer EV price cut, Dodge electric muscle, Rivian R2 and R3: The Week in Reverse

Baua Electric

Which affordable EV regained its EV tax credit eligibility this week? GM confirmed Friday a huge price cut for the 2024 Chevrolet Blazer EV , as it resumed deliveries on the model. With the price cut, the Blazer EV will cost $50,195, or just $42,695 to households who can take advantage of the $7,500 tax credit.

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Volkswagen Temporarily Cutting Production of European EVs

The Truth About Cars

Pricing has also become an issue due to sizable inflation and some scaling back of the EU’s electric vehicle incentives. 4 manufactured in Chattanooga, Tennessee (in addition to the ID.3 4 have undergone significant price cuts in China. Price cuts in China coincided with a 300-percent increase in regional sales for the ID.3