The Truth About Cars

JANUARY 30, 2024

4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. 4, which start at a base MSRP of $38,995 before the tax credit, a more budget-friendly option in the electric SUV segment. that qualifies for the full Federal Tax credit. Sales Performance and Impact of the ID.4

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Baua Electric

MARCH 6, 2024

Can Kia challenge Toyota, which has dominated the market in Thailand, with affordable EVs? Affordable electric cars are coming Kia has already revamped the brand as the industry transitions to electric with a new logo and design. The Korean automaker is also seeing early success with its first three-row electric SUV , the EV9.

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Baua Electric

APRIL 26, 2024

Speaking to media post FY-24 earnings, the top management stated that HQ Suzuki is working on an affordable hybrid solution for the compact cars and it will seriously consider the more expensive plug-in hybrid technology for the future. Bhargava did not share any specific timelines for the affordable hybrids.

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Clean Fleet Report

DECEMBER 27, 2021

The number of plug-in electric cars nearly doubled from 40 to more than 70 vehicles this year, including attractive SUV crossovers in the $40,000 range like the Ford Mustang Mach-E and the Volkswagen ID4. Rebates & Tax Credits Don’t Help Most Americans. Put all together, the customer saves up to $200 a month.

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EV Adoption

NOVEMBER 26, 2021

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable. More on this below.

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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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The Truth About Cars

FEBRUARY 12, 2024

Though it’s eligible for federal tax credits, Tesla is temporarily decreasing pricing on the SUV, dropping it to $42,990 for the base model and $47,990 for the Long Range model. Tesla also lists the post-tax credit prices, which can be applied at the point of sale starting this year.

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Baua Electric

DECEMBER 30, 2023

We rounded up all the affordable EVs that are arriving in 2024 and 2025 , and if automakers hold to their word—or at least their hints—it’s going to get better for those who don’t have a luxury budget. 2024 Nissan Sakura EV – Tokyo In scaling up EV sales, is smaller still better? As we lead up to a winner on Jan.

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Green Car Congress

AUGUST 6, 2023

In addition to the 1,000-plus-horsepower Fisker Ronin grand-touring four-door convertible ( earlier post ) and the Fisker PEAR sustainable city EV ( earlier post ), Chairman and CEO Henrik presided over reveals of the Fisker Ocean SUV with a Force-E offroad package and the Fisker Alaska all-electric pickup truck. Q2 results.

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EV Adoption

AUGUST 4, 2022

Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. That is a very good thing, but tying this requirement to a consumer-facing tax credit that results in few or zero EVs qualifying, is probably not the best approach.

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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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The Truth About Cars

MARCH 8, 2024

4 range, it remains the only European EV that qualifies for federal tax credits in the United States. VW started building the SUV in Tennessee and sources batteries from SK On, giving the vehicle full access to the $7,500 credit. 4 one of the most affordable EVs on sale today. The new model is also expected to qualify.

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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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The Truth About Cars

APRIL 23, 2024

Rivian sells two compelling EVs that have garnered a good deal of happy customers, but they’re far from affordable. At around $70,000 to start, the brand’s R1T pickup and R1S SUV are out of reach for most buyers, even after the $3,750 federal tax credits for some models.

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The Truth About Cars

APRIL 5, 2024

Despite it only having been on sale for one year, the automaker is already offering discounts on the new 2024 model, cutting $10,000 off the top for lease clients in New York. The Tesla Model Y, the best-selling EV in the world, is now more affordable than ever as the automaker looks to clear existing inventory with deep discounts.

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Push EVs

JANUARY 5, 2023

The freak volume in December 2022 resulted from one-off pull-forward effects ahead of new policies and auto taxes applying from 2023 onwards. BEVs saw pull-forward sales, with volume around 2.5x their previous monthly record, ahead of new weight taxes, and VAT taxes. Pull forward ahead of tax changes.

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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. Hyundai cut the Rio’s corporate counterpart, the Accent, after 2022, and sales of the subcompact have been slow for a while. Though disappointing, the move isn’t a surprise.

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Baua Electric

JANUARY 10, 2024

Hyundai and Kia placed second in the US EV market behind Tesla after a record sales year in 2023. Hyundai and Kia take second in US EV sales According to Kelley Blue Book estimates, a record 1.2 Meanwhile, Tesla wasn’t the only company with record EV sales last year. million EVs were handed over in the US last year.

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Baua Electric

MAY 7, 2024

Electric car sales in 2023 were 3.5 While sales of electric cars are increasing globally, they remain significantly concentrated in just a few major markets. However, sales remain limited elsewhere, even in countries with developed car markets such as Japan and India. In the European Union , sales amounted to 2.4

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Push EVs

FEBRUARY 7, 2023

The January auto market was highly anomalous due to the new year’s introduction of tighter auto emissions and tax increases, which had pulled sales forward into December. Due to the anomalous tax discontinuity mentioned above, we have to take January’s picture with a pinch of salt — it doesn’t tell us very much. year on year.

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Baua Electric

MARCH 21, 2024

Chevy offers early Blazer EV buyers reimbursement GM finally lifted the Blazer EV stop-sale after nearly three months in early March. The company issued the stop-sale in late December, four months after opening orders. The company said it was pausing sales temporarily to fix a software issue.

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Baua Electric

JUNE 30, 2023

Xpeng is pinning hopes at the untouched crossover to backup turnaround gross sales, upcoming the corporate reported lackluster Would possibly deliveries. Citigroup analysts be expecting 10,000 per month unit gross sales of the G6.

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Baua Electric

JANUARY 8, 2024

After calling off beats with GM to “beat out Tesla” with a cheap SUV, it has now emerged with news that it is mulling over a $14 billion EV and battery plant in Canada. Of course, batteries coming from Canada with materials found in Canada will also help vehicles qualify for the US’s federal EV tax incentives.

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Baua Electric

APRIL 30, 2024

Hyundai Motor India is likely to bring in the hybrid powertrain alternatives in its mid-size SUVs in the future. During the financial year 2023-24, about 85,000 to 90,000 hybrid vehicles were sold in India accounting for 2% of the total sales in the country. The market leader has guided for sales of about 7.5

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Baua Electric

FEBRUARY 29, 2024

2024 Nissan LEAF (Source: Nissan) With sales of the current LEAF slipping amid new models flooding the EV market, Nissan looks to shake things up. The new LEAF will be a crossover coupe SUV to make it more competitive. One source described the new LEAF as similar to the Ariya , Nissan’s first global electric SUV.

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EV Adoption

MAY 8, 2021

US sales of electric vehicles are expected to increase significantly this decade, however, by the end of 2030 EVs will still comprise only a tiny percentage of vehicles in operation (VIO) and the number of internal combustion engine vehicles (ICE) will actually increase by 20 million. These are the findings of new EVAdoption analysis.

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Teslarati

JANUARY 14, 2023

Thanks to a remarkable price cut for Tesla vehicles, car buyers can now get a base model Model 3 for $43,990, and with the EV tax credit in the United States , that price is further reduced to $37,390.

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Baua Electric

MARCH 14, 2024

In a fire sale, Volkswagen is offering $13,000 off the 2023 ID.4 4 was the fourth best-selling EV in the US last year, with sales up 84% from 2022. 4 is already one of the most affordable electric SUVs in the US. 4 is already one of the most affordable electric SUVs in the US. 2023 Volkswagen ID.4

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EV Central

JULY 7, 2023

A spin-off from the petrol-powered X1, the newly arrived iX1 compact SUV is undoubtedly proof of that. The most affordable BMW BEV since the iX3 is its opposite when it comes to orthodoxy and risk. The latter is expected to account for 80 per cent of sales and is the one we are driving here. 2023 BMW iX1 M Sport.

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Electric Auto Association

SEPTEMBER 9, 2022

The Inflation Reduction Act (IRA) is a massive climate, health care, and tax bill with the overarching goal of slowing the rise in consumer prices that have been climbing at the fastest pace in approximately 40 years. Additional changes include: An MSRP cap of $80,000 for vans, SUVs, and pickup trucks and $55,000 for any other vehicle.

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Baua Electric

MAY 4, 2024

A brief Lucid Gravity prototype test drive was enough to tell us that this upcoming EV will offer a unique layout and a different driving experience than any other three-row electric SUV. Lucid Gravity prototype The 2024 Acura ZDX EV is the quickest SUV ever from the Honda luxury brand—and it definitely looks the part.

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The Truth About Cars

JUNE 30, 2023

Many just can’t afford electric vehicles.” In Q1 2023, Mercedes-Benz Canada set a new quarterly sales record for Mercedes-EQ vehicles,” Paget wrote in an email to Automotive News Canada, adding that the target dates for electrification are unchanged. But Canadian EV sales are heavily contingent upon location.

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EV Life

AUGUST 4, 2023

Budget models like the Chevrolet Bolt EV, SUV crossovers like the Equinox Blazer EV, electric versions of popular legacy models like the Blazer EV, and high-performance trucks like the Silverado EV make up what is becoming an impressive lineup of all-electric options. Federal, State, and Local EV Incentives Federal Tax Credit.

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Baua Electric

JANUARY 12, 2024

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. Like the IONIQ 6, Tesla’s Model 3 is no longer eligible for the IRA tax credit.

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Teslarati

DECEMBER 8, 2021

Hyundai first entered the Indian market with an electric vehicle in 2019 with the Kona SUV. In many countries, our new vehicles and this new technology have been accepted and received by customers with great sales performance as well.” Hyundai Motor India Ltd., 4,000 crore ($5,303,596) investment.

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Baua Electric

MAY 12, 2024

2024 Hyundai Ioniq 6 Kia has confirmed that its compact EV3 electric SUV is production-bound and will arrive next year. Rivian is rejiggering the production capacity of its plant in Normal, Illinois, to accommodate up to 155,000 of its more affordable R2 SUVs annually.

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Push EVs

JULY 13, 2023

Due to the new higher emissions taxes from January 1st, plugless hybrids (HEVs) have taken over share from combustion-only vehicles this year, currently at 6.2% Plugless vehicles will continue to be sold in Norway until plugin options — most likely BEVs — appear in all vehicle segments, and at affordable price points.

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