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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. Power EV Index score for availability climbed sharply to 39.4 (on Power EV Index.

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How Does the Electric Car Tax Credit Work in 2023?

Setec Powerr

One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1 In 2023, the tax credit remains available for eligible new electric vehicles but has undergone some changes compared to previous years.

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J.D. Power launches EV Index; measuring roadblocks to EV adoption, parity to gas-powered vehicles

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Power has introduced the J.D. Power EV Index, an analytics tool to track the growing EV market in the United States. Each month, the index will arrive at one number (on a 100-point scale) to make it easy to understand the progress to parity of EVs with traditional internal combustion engine (ICE) vehicles. Affordability.

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US DOE releases national clean hydrogen strategy and roadmap

Green Car Congress

The Strategy and Roadmap provides a snapshot of hydrogen production, transport, storage, and use in the United States today and a vision for how clean hydrogen will contribute to national decarbonization goals across multiple sectors in the future. Source: DOE. It also complements the massive $9.5-billion

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Nikola Tre FCEV receives CARB ZEP Executive Order for HVIP eligibility; $240,000 base incentive per truck

Green Car Congress

HVIP is intended to advance commercialization and to help reduce the total cost of ownership of advanced commercial vehicles in the state of California. California purchasers of the Nikola Tre BEV may qualify for an incentive valued at $120,000 per truck, and $150,000 for drayage fleets, helping to reduce the total cost of ownership.

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How Hotels Can Power Up Summer Travel with EV Charging Stations

Setec Powerr

Alternative Fuel Infrastructure Tax Credit There are several federal funding programs available to assist hotels in the United States with the installation of EV charging equipment, making it a viable and beneficial investment for many properties​. Reach out to SETEC POWER for further details.

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EIA: California home to almost half of US plug-in electric vehicles

Green Car Congress

Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. These incentives are in addition to a federal (nationwide) tax credit, which ranges from $2,500 to $7,500 depending on battery capacity and gross vehicle weight. ZEVs include vehicles powered by electricity or hydrogen fuel cells.

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