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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

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The Brand-New Tesla Model 3 Performance Already Got a Price Bump

The Truth About Cars

That price hike will come as a disappointment to hopeful buyers, but it’s still the only car in the Model 3 line that qualifies for federal tax credits, which can make it less expensive than the Long Range variant in some configurations.

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Tesla May License FSD to Other Automakers - Maybe

The Truth About Cars

CEO Elon Musk recently confirmed the move, saying Tesla was in talks with at least one “major automaker” about a licensing deal for the tech. Even if Tesla struck a deal with another OEM, it would be a few years before the tech could be integrated with another vehicle brand.

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Ford Mustang Mach-E captures KBB’s EV Best Buy of 2022

Teslarati

Ford has captured a tremendous accolade with the Mustang Mach-E after Kelley Blue Book announced that the all-electric crossover is the Electric Vehicle Best Buy for 2022. The Ford EV SUV is eligible for the maximum $7,500 federal EV tax credit, plus any other state and local incentives in your area.

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Rivian is offering a free $5K STEALTH wrap vehicle shield for R1T and R1S orders

Baua Electric

For those looking to buy a Rivian EV, now may be the time. As the company enters a new growth phase, Rivian is introducing new tech to cut costs. Rivian’s new tech has already led to lower prices, with R1 leases available for as low as $559 per month. That includes the $7,500 EV tax credit at the time of lease.

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How EV adoption is soaring in unlikely circumstances, and what could make it better

Teslarati

The state of EV adoption is relatively healthy, with more Americans buying EVs than ever despite increased costs and extended wait times for delivery. “Americans are buying EVs at a record pace despite rising prices and long waits for delivery. Price Parity and the EV Tax Credit. Superior EV tech is keeping the U.S.

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Study Suggests Automakers Lose $6,000 On Each EV Sold

The Truth About Cars

Boston Consulting Group, an American-based global management consulting firm that issued the report, said the figure accounts for customer tax credits — painting a rather bleak picture for the future of EVs. Toyota, for example, will buy credits to meet emissions regulations, choosing to base its EV plans on customer demand.