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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. The trend is consistent with steady growth in availability and affordability.

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Ford Focus Electric in California qualifies for $10K in tax credits, HOV access

Green Car Congress

California buyers of the Ford Focus Electric will be able to receive up to $10,000 in tax credits ($2,500 state, $7,500 federal) and enjoy high-occupancy vehicle lane (HOV) access after the car was just approved for California’s Clean Vehicle Rebate Program ( CVRP ). 3 and 7, respectively, for the worst congestion in the US.

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Prius Plug-In eligibile for a $1,500 California consumer incentive plus $2,500 Federal tax credit

Green Car Congress

Designed to promote the use of Zero Emissions Vehicles (ZEV) and related clean vehicle technologies, the CVRP is a consumer incentive made available in addition to a $2,500 Federal Tax credit. These grants are available when a vehicle is either purchased or leased for 36 months or longer. Toyota Motor Sales, Inc.

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Boost Your Savings: Best US States for Electric Vehicle Incentives

Setec Powerr

Colorado Colorado offers a state tax credit of up to $4,000 for the purchase or lease of a new electric vehicle. This credit is available for both new and used EVs and applies to both residents and businesses. New York New York State provides a rebate of up to $2,000 through the Drive Clean Rebate program.

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

Baua Electric

Source: Rivian.com Rivian Quad Motor R1S SUVs now available for lease Per Rivian, consumers in the following states are now eligible for the R1S lease program, which pertains to pre-configured Quad-Motor AWD and Large Pack variations, starting at $1,169/month.

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Honda may build an EV factory in Canada featuring in-house battery cells

Teslarati

It’s also expected to help the automaker gain access to EV tax credits in the U.S. Canada has enacted a plan to ban the sale of new internal combustion engine (ICE) vehicles by 2035 , dubbed the Electric Vehicle Availability Standard, and following in the footsteps of the European Union (EU) and U.S.

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Tesla introduces financing product for Model S customers; lease-sale hybrid

Green Car Congress

Essentially, said Tesla CEO Elon Musk in a conference call describing the product, the new approach allows one to buy a new Model S for no money down net of the tax credit and as low as about $500 net out of pocket cost per month, depending upon the model, specific state incentives, and personal parameters (e.g.,

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