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The base Tesla Model 3 now costs less than the average new car in the US

Teslarati

Tesla’s entry-level vehicle, the Model 3 RWD, is now priced below the average cost of a new car in the United States. The Tesla Model 3’s starting price today stands at $42,990, exclusive of the $7,500 tax credit offered to US buyers of electric cars.

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Volvo To Go All Electric By 2030 – EV Week in Review: Feb 23-Mar 1

EV Adoption

This past week was certainly quite a whirlwind of EV news and developments from Volvo’s plans to end production of ICE vehicles by 2030, yet another proposal to reform the federal EV tax credit, chip shortages, Washington state’s plans to ban ICE vehicles by 2030, Lucid Air delay, Fisker to partner with Foxconn, and much, much more.

Volvo 95
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82% of BEVs & PHEVs Available in the US in 2022 Have a Base MSRP of $40,000+

EV Adoption

Add all of these additional costs up and buyers can easily pay $10,000-$15,000 more for an EV than the base MSRP. According to Kelley Blue Book , the average transaction price for an EV in the US in September 2022 was $65,291, which is $17,197 more than the $48,094 average transaction price of all vehicles.

PHEV 52
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Solving the Electric Vehicle Charging Conundrum

Cars That Think

There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. It doesn't cover the whole thing, but you do get a chunk of it back as a tax credit. Is it worth the extra almost 50 percent added to the cost of the car? So that's what it takes.

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Solving the Electric Vehicle Charging Conundrum

Cars That Think

There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. It doesn't cover the whole thing, but you do get a chunk of it back as a tax credit. Is it worth the extra almost 50 percent added to the cost of the car? So that's what it takes.

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Road Test: 2022 Mazda MX-30 EV

Clean Fleet Report

note: Better get used to it, regulations on the books in the U.S. What it has going for it is great styling, ample cargo space with the 60/40 rear seat folded flat, a comfortable and spirited driving experience and, with the Federal and California tax credits/incentives, a starting price under $25,000.

Mazda 84
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Electric Car Manufacturers Inspire New Paradigms -- Seeking Alpha

Tony Karrer Delicious EVdriven

Think Global was formerly known as Think City, a prior Ford Motor Company ( F ) acquisition and part of a now-defunct Think division at Ford. Tax credit incentives are also available to consumers in the U.S. Considering the cost of batteries, these are disposable cars. a subsidiary of Ener1 Inc. ENON.OB ) ).