Remove Auto Remove Companies Remove SUV Remove Tax Credit
article thumbnail

Chevy Blazer EV stop-sale ends with drastically lower prices, full tax credit eligibility

Baua Electric

With drastically lower starting prices, the Blazer EV now starts at just over $50,000 and qualifies for the full $7,500 federal tax credit. The company confirmed it was temporarily pausing sales to fix a software quality issue. The electric SUV also regained the full $7,500 EV tax credit after adjusting its battery supplier.

article thumbnail

GM is giving a $7,500 incentive on EV models that lost tax credit eligibility

Baua Electric

GM is offering a $7,500 incentive for EVs that lost eligibility for the EV tax credit. GM to give $7,500 incentive for non-qualifying EVs Two weeks ago, GM said the new Chevy Blazer EV and Cadillac Lyriq would lose eligibility for the US EV tax credit at the beginning of 2024. However, no other specifics were mentioned.

article thumbnail

Hyundai says its first EV plant will open this year to gain the $7,500 tax credit

Baua Electric

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. A year later, the company announced that 99.9% Although Hyundai initially planned to begin construction in early 2023, the company pushed ahead after the Inflation Reduction Act was passed.

article thumbnail

Tesla is no longer just a luxury brand, says major auto outlet

Teslarati

Tesla price cuts push EV market toward affordability with broader influence In 2022, Tesla’s prices were higher and were competing with companies such as Mercedes-Benz, Aston Martin and Lexus. While the Model 3 starts at $31,490 after the federal tax incentive in the U.S., average car price.

article thumbnail

Rivian (RIVN) adds R1S SUV to lease program and expands to additional states

Baua Electric

Two months after first introducing its first-ever lease program for the R1T pickup, Rivian has expanded the offers to now include its other flagship EV – the R1S SUV. At the time, we reported Rivian’s plans to expand the lease program to custom-built R1Ts and, eventually, R1S SUVs. FTC: We use income earning auto affiliate links.

SUV 98
article thumbnail

Fisker scraps direct sales and turns to auto dealers for sales

Teslarati

The startup is now turning to auto dealerships for sales and services. In September 2023, Fisker shared that it ramped production of the all-electric Ocean crossover SUV to 300 units per day. The company also shared its intention to expand retail operations in North America and Europe.

Fisker 92
article thumbnail

Kia shatters US sales record again with its first three-row electric SUV picking up steam

Baua Electric

Kia just set another US sales record in August, with more cars sold than in any month in company history. As demand for its first three-row electric SUV, the EV9 , continues to build, Kia’s EV sales climbed 27% from last year. Kia credited higher demand for SUVs and EVs for the record-breaking performance.

Kia 52