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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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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

As new vehicle transaction prices declined once again in September, according to Kelley Blue Book data, Tesla is the culprit, helping consumers find industry-leading vehicles for a reasonable price. Stephanie Valdez-Streaty , director of Industry Insights at Cox Automotive, said: “EV sales continue to grow in the U.S.,

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Blink’s 2023 Year in Review

Blink Charging

As we approach the end of 2023, we want to acknowledge significant industry news and the remarkable accomplishments of Blink Charging throughout this year. The North American electric vehicle industry made a monumental shift in the summer of 2023, and Blink is proud to respond with our state-of-the-art charging stations.

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KBB: Average new vehicle transaction price in US in December up 1.9% from November; EV ATP dropped 5.5% due to Tesla

Green Car Congress

The average new EV sold for $61,448, according to Kelley Blue Book estimates, still well above the industry average. —Rebecca Rydzewski, research manager of economic and industry insights for Cox Automotive. Plus, with the new tax credits on the way, electric vehicle ATPs will drop lower for qualifying vehicles.

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

Clean Fleet Report

With more users gearing towards purchasing electric vehicles, a surge in demand has drastically hit the electric automobile industry. 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.

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Kia EV9, Genesis EV prices cut with generous $7,500 discount offer

Baua Electric

Range (miles) Light RWD $56,395 230 Light Long Range RWD $60,695 304 Wind e-AWD $65,395 280 Land e-AWD $71,395 280 GT-Line e-AWD $73,900 270 2024 Kia EV9 trim prices and range Starting under $55,000 (excluding destination), Kia calls the EV9’s starting price a “wake-up call” to the industry. We can help you get started today.

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Tesla’s huge price cuts are hitting the stock one way and its outlook in another

Teslarati

Tesla’s operating margin is currently third among all global automakers, trailing only Ferrari and BMW. The analyst said rebasing earnings is “painful,” but the move shows Tesla has more levers to pull than other OEMs to trigger demand.

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