The Truth About Cars

FEBRUARY 1, 2024

A recent survey, conducted by Automotive News , has indicated that automotive dealerships are still broadly dissatisfied with the Biden administration’s strategy to force the United States to pivot toward all-electric vehicles. As for dealers, there’s some amount of disagreement as to what’s holding EVs back.

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Electrek

FEBRUARY 15, 2024

The new year rolled out a new plan where EV shoppers could get on-the-spot tax rebates when purchasing a new electric vehicle, with auto dealers then handling the paperwork and waiting to get reimbursed by the government.

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Baua Electric

JANUARY 3, 2024

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.

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Baua Electric

MARCH 28, 2024

Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Kia America’s head of corporate communications, James Bell, told Nikkei that moving EV9 production to its West Point, GA plant will enable it to qualify for a part of the EV tax credit. FTC: We use income earning auto affiliate links.

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Baua Electric

FEBRUARY 9, 2024

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. With a $7,500 tax credit on the line, Hyundai has pulled the timeline forward as quickly as possible. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Baua Electric

JANUARY 24, 2024

4s will qualify for the full US EV tax credit in 2024 – here’s the lowdown on eligibility. 4s with US-manufactured SK On battery components placed in service in 2024 will be eligible for the full $7,500 federal tax credit. Click here to find a local dealer that may have the Volkswagen ID.4 VW 2023 and 2024 ID.4s

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Baua Electric

JANUARY 23, 2024

January 1, 2023, kicked off a fresh start of new tax credits for vehicles, both new and used. Since then, much of the dust has settled on the Capitol as it continues to implement qualifying terms for tax credits , continuously shifting what used EVs do and do not qualify. Here’s the latest list.

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EV Life

JUNE 29, 2023

Great news for drivers looking to purchase an electric vehicle in Colorado! But the most exciting part of the new bill for many Colorado residents is the expansion of an additional Colorado Electric Vehicle Tax Credit for qualified drivers looking to purchase electric vehicles. What Are Electric Vehicle Incentives?

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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.

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Baua Electric

JANUARY 3, 2024

You can score a 2023 Chevy Bolt EV for under $20,000 with new IRS rules allowing you to use the tax credit as a down payment. You can buy a Chevy Bolt EV for under $20,000 Rather than waiting until next year’s tax return, you can now use the EV tax credit at the point of sale. But you may want to act fast.

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The Truth About Cars

SEPTEMBER 25, 2023

Nobody likes bureaucratic red tape or waiting on payment and this seems to have become a sticking point for retailers nervously waiting to see how the United States’ updated EV tax credit scheme plays out. Treasury Department said participating dealers will be able to register via an online IRS portal in the next few months.

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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. Electric cars will qualify for EV tax credits and the qualification rules for credits will be really confusing. 2022 EV Tax Credits. We have some bad news.

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Baua Electric

FEBRUARY 5, 2024

The National Automobile Dealers Association (NADA) has launched a certification program it claims can turn car salespeople into EV experts in just 90 minutes. Traditional franchised dealers still appear reticent about EVs. The post NADA aims to turn car dealers into EV experts in 90 minutes appeared first on Bauaelectric Auto News.

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The Truth About Cars

JULY 12, 2023

We’ve been hearing about the rise of electric vehicles for years, but while they are growing rapidly in number, there’s still a disconnect between an auto industry hell-bent on electrification and the desires of the people they rely on to buy new cars.

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Baua Electric

FEBRUARY 1, 2024

Ford F-150 Lightning (Source: Ford) A strong majority of car dealers complain the US government’s strategy is bringing them too fast into the electric vehicle future. The concerns about dealers have proved warranted. 83 percent of the dealers surveyed said that they believe the federal government is pushing them into EVs too fast.

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Charged EVs

SEPTEMBER 22, 2022

The provision that’s gotten the most press is a redesign of the federal EV tax credit—that’s only natural, because it’s the policy that’s most likely to directly affect the average consumer, and because politicians love to talk about tax breaks. Credit where credit is due.

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Teslarati

JANUARY 8, 2024

The Internal Revenue Service (IRS) has already released the list of EVs eligible for tax credits under the Inflation Reduction Act (IRA). More auto dealers are also signing up for the point-of-sale EV tax credits.

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Baua Electric

FEBRUARY 28, 2024

REE has initiated customer deliveries of the first batch of P7-C demonstration trucks for multiple fleet evaluations in North America via its dealer network. US dealer Pritchard EV is the first to receive the P7-C demonstration truck for a road show with its large fleet customers.

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Baua Electric

MAY 21, 2024

CarsDirect reported earlier in May that the $7,500 federal tax credit can make the Model Y $9,000 cheaper than a Model 3. Click here to find a local dealer that may have the Tesla Model Y in stock. Click here to find a local dealer that may have the Kia EV9 in stock. Lease prices are currently unchanged. Get started here.

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Baua Electric

MAY 23, 2024

Mullen has announced several tidbits of good news of late. The trucks are also eligible for federal EV tax credits of up to $7,500. The company expanded its commercial dealer network with the addition of Pritchard EV and National Auto Fleet Group.

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Clean Fleet Report

FEBRUARY 24, 2024

A New Day “100-percent Electric, 100-percent Italian” is how Fiat describes the all-new 500e. It’s scheduled to be on sale at North American Fiat dealers by early summer 2024. Possibly bigger news is the 500 will now only come with electric propulsion, dropping the gasoline engine completely. Story by John Faulkner.

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Baua Electric

MAY 23, 2024

Click here to find a local dealer that may have the 2023 Mercedes-Benz EQB-Class in stock. CarsDirect reported earlier in May that the $7,500 federal tax credit can make the Model Y $9,000 cheaper than a Model 3. Click here to find a local dealer that may have the Tesla Model Y in stock. This sale runs until May 31.

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Teslarati

JULY 11, 2023

A survey from Cox Automotive estimates that electric vehicle sales in the US auto market could surpass 1 million units for the first time in 2023. Cox also found that about 51% of consumers are now considering the purchase of a new or second-hand EV. Don’t hesitate to contact us with news tips.

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Baua Electric

MAY 20, 2024

In a new interview with The Detroit News , Barra confirmed the (battery cell) issues are “behind us now.” If you’re interested in checking out Chevy’s new EVs at some of the lowest prices to date, we can help you get started. You can use our links below to view deals on new 2024 Chevy EV models at a dealer near you.

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Teslarati

JANUARY 8, 2024

This figure was not far from the $48,759 considered to be the average price of an ICE vehicle in the same month Following Tesla’s lead, the rest of the auto industry saw an average EV sticker price of $50,798, showing a similar downward trend throughout the year.

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Baua Electric

FEBRUARY 27, 2024

Hyundai initially planned to begin production early next year, but the automaker is plowing ahead with the $7,500 federal tax credit on the line. And that was without its electric models qualifying for the $7,500 EV tax credit (only through a leasing loophole). FTC: We use income earning auto affiliate links.

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Teslarati

JANUARY 17, 2024

Qualified lessees may lease a new Rivian R1S Adventure Package for 36 months with 30,000 miles. IRA EV tax credits winning over more auto dealers in 2024 The offer only applies to Rivian R1S vehicles that total $100,800 before dealer options.

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Teslarati

FEBRUARY 9, 2022

The numbers from the California New Car Dealers Association’s new report would show that Musk is perhaps onto something. This is quite an accomplishment, considering that the Golden State is the US’ largest auto market. . The California New Car Dealers Association’s new report could be viewed below. .

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Baua Electric

MAY 17, 2024

The news came after a source from within GM’s Tech Center told them that the Corvette nameplate was due for the same treatment. He hinted it could be priced around $35,000, similar to the new Chevy Equinox EV. With the $7,500 EV tax credit included, prices could fall to as low as $27,500.

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Baua Electric

MARCH 25, 2024

Today’s news confirms expected results from REE Automotive ($REE) as its “x by wire” P7-C EV continues its journey toward scaled commercial deployment. At the time, REE shared that the electric chassis cab is eligible for the IRS’ Commercial Clean Vehicle Tax Credit in the US, enabling a tax credit of up to $40,000 per vehicle.

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Baua Electric

JANUARY 11, 2024

s ($REE) most recent milestone comes during a busy news week during CES 2024. With dealer deliveries underway, REE stated that its P7-C EV is eligible for the IRS’ Commercial Clean Vehicle Tax Credit in the US, enabling a tax credit of up to $40,000 per vehicle. REE Automotive, Inc.’s

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Teslarati

JULY 5, 2023

While the overall car sales to dealers are projected to decline by 5.9% in June compared to the previous year, the CPCA still anticipates a 30% rise in new-energy vehicle sales this year. Automakers like BYD, and Li Auto, among others, saw a rebound in June deliveries. Some set new monthly sales records in June.

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Clean Fleet Report

MARCH 2, 2023

News: 2023 Genesis Electrified GV70 AWD First Genesis Built in the U.S. The 3,800 team members, as Hyundai calls them, are building the all-new 2023 Genesis Electrified GV70 that joins electric models of the GV60 EV and the Electrified G80 , both of which are assembled in South Korea. The Electrified GV70 comes in two trim levels.

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Baua Electric

JANUARY 30, 2024

Ford is instituting big discounts on the Mustang Mach-E for fleet customers, as well as a new program that allows dealers to use inventory as rental cars. A discount of $7,500 for state and local government customers, as well as certain customers, is available on all new 2024 Mach-E orders received through Apr.

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EV Connect

AUGUST 22, 2022

With strong policy support and aggressive climate initiatives , prioritizing plug-in hybrids and fully electric vehicles makes more sense for auto dealers than ever. Despite the need, though, many auto dealers are hesitant to take on the significant cost of adding EV charging stations to their dealerships.

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Baua Electric

JANUARY 25, 2024

Meanwhile, Hyundai said it expects the global auto market to continue growing in the future as the shift to electric heats up. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit. You can use our links below to find great deals on Hyundai’s EV models at a dealer near you.

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Teslarati

JANUARY 3, 2023

A new tool released by Recurrent Auto shows car buyers which used EVs qualify for federal tax incentives based on a simple VIN search. And to help those who want to purchase a used EV, the Federal government has introduced a tax incentive of $4,000. If you have news tips, email us at tips@teslarati.com !

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