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Tesla price cut: Model Y undercuts Model 3 by $5,000 with tax credit

Baua Electric

Both are eligible for the $7,500 EV tax credit, cutting the effective price for many households to just $37,130 and $42,130 respectively. The Model 3 also doesn’t qualify for the EV tax credit. In addition, the base Model Y RWD now undercuts the base Model 3 by $5,000 for the tax-credit-eligible.

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Fisker scraps direct sales and turns to auto dealers for sales

Teslarati

Fisker is scrapping plans for direct sales to customers. The startup is now turning to auto dealerships for sales and services. IRA EV tax credits winning over more auto dealers in 2024 During CES 2024, Henrik Fisker told Automotive News that the electric vehicle (EV) manufacturer intends to sign with 50 car dealerships by the midyear.

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Hertz announces ‘strategic decision’ to slash EV fleet

Teslarati

The EVs that Hertz has put up for sale will “remain eligible for rental” until they ultimately sell. Hertz said that a portion of the proceeds from the sale will go into the purchase of combustion engine vehicles, which are being utilized at a higher demand.

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Hertz now selling former Tesla rentals at bargain prices

Teslarati

As part of the Rent2Buy vehicle sales program on its website , Hertz has listed hundreds of its early Tesla rentals for sale at fairly low prices. The vast majority of the inventory vehicles listed are the Model 3, though you can also see a decent amount of Model Y units listed on the web page.

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Tesla selling Model 3 demo vehicles in inventory at a slight discount

Teslarati

Tesla also says that the condition of the vehicles “meets Tesla’s cosmetic and mechanical standards,” which it details further on the sale pages for its demo vehicles. “Every Demo/Previous-Demo Tesla has passed an internal inspection and may undergo light repairs to be prepared for sale,” the company writes.

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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

Stephanie Valdez-Streaty , director of Industry Insights at Cox Automotive, said: “EV sales continue to grow in the U.S., At last check, we had 15 new EV models for sale that were not available a year earlier. Better choices and more options are helping push prices lower and drive higher sales.”

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REE electric truck gets US nod for by-wire steering, braking, driving

Baua Electric

Israeli startup REE Automotive on Thursday announced that its P7-C electric chassis-cab truck is the first vehicle with entirely by-wire controls to be certified for sale in the U.S. The post REE electric truck gets US nod for by-wire steering, braking, driving appeared first on Bauaelectric Auto News.