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Survey: Dealers think Biden is moving too fast on EVs

Baua Electric

Dealers think the Biden administration’s EV policies are forcing the auto industry to move ahead of market demand, according to a new Automotive News survey. The publication’s 2024 Dealer Outlook Survey compiled responses from 208 U.S. car dealers and dealership managers. billion on EV infrastructure.

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Cadillac ELR EREV goes on sale in January, starting price $75,995

Green Car Congress

Initial sales of the 2014 Cadillac ELR extended range electric luxury coupe ( earlier post ) will begin in January in all major US metropolitan areas. The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. Official EPA estimates are not yet available.

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Kia EV9 sales are heating up in the US

Baua Electric

of ground clearance, and up to 304 miles EPA range. of 2nd-row legroom, the EV9 tops rivals, including the Cadillac Escalade, Land Rover Range Rover P400 3-Row, and Mercedes EQS SUV. The base Light RWD EV9 starts at $54,900 (not including destination) with up to 230 miles EPA range. With 42.8″

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Hyundai IONIQ 7 will go by IONIQ 9 as the brand’s first three-row electric SUV

Baua Electric

That’s more than the Cadillac Escalade, 3-row Land Rover Range Rover P400, and Mercedes EQS. billion Metaplant to qualify for the $7,500 federal tax credit. You can use our links below to find great deals on Hyundai and Kia EVs at a dealer near you. of rear legroom. Hyundai expects EVs built at the massive $7.6

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The Clean Vehicle Credit Is A Confusing Mess

EV Adoption

Hailed as a huge win for auto manufacturers, car dealers, and consumers, the Clean Vehicle Credit (CVC) which is part of Inflation Reduction Act (IRA), at least for now is a confusing, hot mess for everyone involved. A phaseout of the tax credit occurred over several quarters down to zero. Confused yet?

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Zero EVs May Qualify For the Federal Tax Credit Under the Inflation Reduction Act Requirements

EV Adoption

Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. That is a very good thing, but tying this requirement to a consumer-facing tax credit that results in few or zero EVs qualifying, is probably not the best approach.

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable. More on this below.