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BMW is Willing to Pay to Attract Customers from Other EV Brands

The Truth About Cars

BMW is hoping to take some of the shine off of Tesla’s crown with a new incentive that gives buyers a $1,000 discount to buy one of its new EVs. Cars Direct reported that the BMW 2024 BEV Conquest Program includes several other brands, including Audi, Mercedes-Benz, Polestar, Porsche, Rivian, and Lucid.

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Hertz Trims EV Fleet With Massive Sell-Off

The Truth About Cars

The company announced that it would buy tens of thousands of electric vehicles from Polestar, BMW, Chevrolet, Tesla, and others and had aimed to purchase 100,000 Teslas by the end of 2022. While that splashy announcement likely netted the company new customers, it now has hundreds of EVs on sale as it moves to scale back its fleet.

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Rivian Will Give You a Discount to Trade In a Gas Vehicle for a New R1 Model

The Truth About Cars

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. You’ll still have to plop down a $1,000 non-refundable deposit to buy one, and the discounts are applied at the point of sale on the site.

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Feature: Top 6 Reasons Why an EV Is the Right Choice

Clean Fleet Report

You can now purchase an electric vehicle at a fair price due to the existing tax credits. The federal tax credit exempts allows you to deduct up to $7,500 from the vehicle’s initial cost. State and local tax credits and incentives can help reduce the price further. High Resale Values.

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Tesla battery supplier Panasonic to increase battery production at Giga Nevada

Teslarati

Increasing battery production at Giga Nevada would likely help Tesla increase its vehicle production capacity and benefit from the Inflation Reduction Act’s (IRA) electric vehicle (EV) tax credits. Tesla told Panasonic it would buy as many battery cells as Panasonic could make.

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Tesla revives common Style 3 Lengthy Field upcoming hiatus

Baua Electric

Tesla mentioned on its web page that the Style 3 Lengthy Field is eligible for a federal tax incentive of $3,750, which is equal to the bottom Style 3. The Style 3 Efficiency is eligible for a $7,500 credit score, in step with Tesla. The iron cells would possibly qualify for part of the tax credit score because of U.S.

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Here are all the used EVs that qualify for a $4,000 tax credit

Baua Electric

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. Here’s how it works.