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Why Tesla Model Y tax credit inclusion is good for some and bad for others

Teslarati

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.

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2020 Audi A8 TFSI e plug-in hybrid carries starting price of $94,000

Green Car Congress

Audi is pricing its 2020 A8 TFSI e plug-in hybrid with a MSRP of $94,000 in the US. By comparison, the starting MSRP for a 2020 Audi A8 55 TFSI quattro with automatic transmission is $85,200. Audi anticipates that customers purchasing the 2020 Audi A8 TFSI e will be eligible for a federal tax credit of up to $6,795.

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What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

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Tesla’s EVs still have great financing deals compared to rivals, even with recent price increases

Teslarati

Tesla’s electric vehicles are premium-priced, but their financing deals make them quite compelling against their rivals in the EV market. In comparison, an electric vehicle from, say, Toyota, with its bZ4X, does not have a dedicated financing deal. Their vehicles, for one, still qualify for the US’ $7,500 tax credit.

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Tesla supporters protest after IRA incentives shun popular BEVs, support hybrids

Teslarati

Based on the list of vehicles that qualify for IRA’s $7,500 tax credit, popular battery-electric cars like some variants of the Tesla Model Y and the Ford Mustang Mach-E will not be getting any incentives from the IRA at all. . However, a number of gas-powered hybrids actually do.

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Hyundai undercuts Tesla Model 3 by $9,300 with 2024 IONIQ 6 special cash offer

Baua Electric

Hyundai is offering a $7,500 purchase incentive on the 2024 IONIQ 6. 2024 Hyundai IONIQ 6 offer drastically lowers prices According to Hyundai’s website, all 2024 IONIQ 6 trims are eligible for a $7,500 Retail Bonus Cash offer. It’s essentially like receiving the full EV tax credit with a new purchase.

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Two case studies outline how Houston and Loveland are saving money with EVs in their fleets

Green Car Congress

Its efforts to incorporate alternative fuel vehicles (AFVs) into its fleet began in 2002 with an initial purchase of hybrid electric vehicles (HEVs), mainly the Toyota Prius and Ford Escape hybrid. Hybrids now constitute more than 50% of the city’s light-duty fleet.

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