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EV tax credit details, F-150 Lightning prices up, Hummer EV, Jeep Magneto and Recon: Today’s Car News

Green Car Reports

F-150 Lightning prices rise again, GMC teases an overlanding version of the Hummer EV, and Jeep provides another glimpse of what it takes to make a Wrangler EV. And tax-credit details released this morning make April 18 the day credits fall away for many EVs. This and more, here at Green Car Reports.

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2024 Honda Prologue electric SUV starts under $40,000 with full EV tax credit eligibility

Baua Electric

Who says electric cars are too expensive? The 2024 Honda Prologue, the brand’s first all-electric SUV, qualifies for the full $7,500 EV tax credit. With the added credit, the Honda Prologue hits the “sweet spot,” with starting prices under $40,000. With the credit, the Prologue’s starting price falls below $40,000.

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Proposed Changes to Federal EV Tax Credit – Part 3: MSRP Must Be Less Than $80,000

EV Adoption

Should expensive electric vehicles be excluded from the federal electric vehicle tax credit (IRC 30D)? While this question is often hotly debated on social media, the proposed changes to IRC 30D would draw a line in the sand and establish an $80,000 MSRP cap on the credit. – The Drive.

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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.

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GM hints at an affordable Chevy Camaro EV: A $35,000 real electric pony car?

Baua Electric

GM President Mark Reuss says the Camaro needs to be revived as a real pony car, hinting it could start at $35,000, similar to the new Equinox EV. Since announcing it will retire the sixth-gen Chevy Camaro at the end of the 2024MY, rumors have swirled about the iconic muscle car’s next chapter. It also supports FWD, RWD, and AWD.

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3 Scenarios That Would Make An EV Ineligible For the Federal EV Tax Credit

EV Adoption

In my previous article, Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives , I outlined and analyzed 13 proposed changes to IRC 30D (federal EV tax credit). But all of these PHEVs have batteries of around 9 kWh and so they could easily be upgraded to 10 kWh to qualify for the tax credit.

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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

Electric cars currently account for about 6.5% For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars. Audi’s Q4 e-tron and Q8 e-tron, as well as the GMC Hummer EV SUV, have inventories that are well above 100 days. of the country’s automotive sector.