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Proposed 30% US tax credit for e-bike purchases gains support in Congress

Electrek

Americans are getting closer to a federal tax credit for electric bicycles, a proposal that could be similar in concept to the electric car and motorcycle tax incentives already on the books. more… The post Proposed 30% US tax credit for e-bike purchases gains support in Congress appeared first on Electrek.

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Ford re-opens order books for Mach-E; higher range, lower pricing; all standard range models with LFP packs

Green Car Congress

MSRP excludes destination/delivery fee, optional equipment plus government fees and taxes, any finance charges, any dealer processing charge, any electronic filing charge, and any emission testing charge. The Mustang Mach-E qualifies for potential Inflation Reduction Act federal tax credits in 2023 of $3,750.

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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

New-vehicle inventory levels are increasing from historic lows earlier in 2022, but prices remain elevated, according to data released today by Kelley Blue Book, a Cox Automotive company. The average new EV sold for $61,448, according to Kelley Blue Book estimates, still well above the industry average. —Rebecca Rydzewski.

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Tesla increases Model Y, cuts Model 3 prices in the U.S.

Teslarati

The Model Y crossover had several trim levels that, due to weight, did not meet the United States definition of an SUV and, due to its classification, was priced out of the $7,500 tax credit as non-SUV’s have a price limit of $55,000. All Model Y trims are now eligible for the $7,500 tax credit.

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

Teslarati

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. A Bloomberg analysis has previously noted that even without the $7,500 tax credit, the base Model 3 already costs $4,930 less than the average new vehicle sold today.

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Tesla brand consideration drops by 3% in Q4, but it doesn’t mean much

Teslarati

New data from Kelley Blue Book shows consideration for Tesla vehicles dropped from 12 to 9 percent in Q4 compared to Q3, but it doesn’t mean all that much, considering the company is selling cars well beyond its manufacturing capabilities.

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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. Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles.