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Tesla stock climbs on tax credit inclusion, continuing stratospheric rise in 2023

Teslarati

Tesla stock ( NASDAQ: TSLA ) continued to climb on Friday following news that Model Y vehicles would completely qualify for electric vehicle tax credits. The stock has risen over 77 percent so far this year after a broad market downturn that widely hurt the tech and automotive sectors in 2022.

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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

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). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

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Why Tesla Model Y tax credit inclusion is good for some and bad for others

Teslarati

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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GM hints at an affordable Chevy Camaro EV: A $35,000 real electric pony car?

Baua Electric

An affordable Chevy Camaro EV? The news came after a source from within GM’s Tech Center told them that the Corvette nameplate was due for the same treatment. With the $7,500 EV tax credit included, prices could fall to as low as $27,500. The Chevy Blazer EV is also eligible for the credit.

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Honda CEO: Solid-state batteries may enable affordable small EV by 2030

Baua Electric

Honda built its original reputation around affordable small cars like its Civic. As Honda’s global CEO alluded this past week in a Q&A with Green Car Reports and various automotive and tech media at CES, it doesn’t see how the parallel pencils out quite yet. Otherwise it faces compromised range.

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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

Changes include more tech, new advanced driver assistance features, but they’re limited to higher, more expensive trim levels. 4 rolls into the new year with the same battery and powertrain options it had before, but tech improvements should help it remain competitive. 4 one of the most affordable EVs on sale today.

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Tesla May License FSD to Other Automakers - Maybe

The Truth About Cars

CEO Elon Musk recently confirmed the move, saying Tesla was in talks with at least one “major automaker” about a licensing deal for the tech. Even if Tesla struck a deal with another OEM, it would be a few years before the tech could be integrated with another vehicle brand.