Remove Ford Remove News Remove SUV Remove Tax
article thumbnail

Ford re-opens order books for Mach-E; higher range, lower pricing; all standard range models with LFP packs

Green Car Congress

Ford is re-opening its order banks for the all-electric Mustang Mach-E as completed plant upgrades support production ramp in the second half of 2023, with feature improvements including increased range for standard range battery models to a targeted EPA-estimated range of 250 miles for RWD and 226 miles for eAWD. Earlier post.)

Standards 417
article thumbnail

EV Tax Credit Changes: Ford Mustang Mach-E Unlikely to Qualify in 2024

The Truth About Cars

Earlier this year, the rules around EV tax credits seemed to be changing every other week. While things have calmed down since then, we’re about to see more action on the topic, as the Treasury recently released new guidance on battery materials sourcing that will upend credits for some EVs. Image: Ford] Become a& TTAC insider.

article thumbnail

Ford’s simplified EVs, tax-credit price cap clarity, small VW EV for US: Today’s Car News

Green Car Reports

Shoppers get some clarity on tax-credit price caps and SUVs like the Tesla Model Y. And Ford is aiming to keep it simple and scale up with its EVs. Ford CEO Jim Farley on Thursday revealed that the company will. Volvo aims more EVs for China. VW reportedly approved a smaller EV for the U.S. Sound familiar?

article thumbnail

Ford doubles down on EVs despite heavy losses in Q1

Teslarati

Ford is doubling down on electric vehicles (EVs) despite the fact that its Model e unit reported heavy losses in the first quarter. Ford’s EV unit, called the Model e, reported plunged revenues of up to 84% to nearly $100 million in the first quarters. billion in losses, before interest and taxes (EBIT) were accounted.

Ford 128
article thumbnail

IRS invites consumers to comment on EV tax credit qualifications

Teslarati

The Internal Revenue Service (IRS) is inviting consumers to share comments on the electric vehicle tax credit qualifications. Some variants of the Tesla Model Y and the Ford Mustang Mach-E will not receive any incentives from the IRA at all, yet some vehicles that use fossil fuels will. Follow us for interactive news & more.

article thumbnail

The Honda Prologue Gets Major Boost with Federal Tax Credit Eligibility

The Truth About Cars

The automaker recently announced that its upcoming Prologue EV would be eligible for federal tax credits of $7,500, meaning buyers can get around 15 percent off the SUV’s purchase price at the point of sale. Tax credits bring the Prologue’s starting price down to $41,295 after a $1,395 destination charge.

article thumbnail

These are the EVs that still qualify for the $7,500 tax credit in 2024

Teslarati

New rules for the U.S. electric vehicle (EV) tax credit have taken effect, significantly limiting the number of qualifying options in 2024. Tesla is one of many automakers that saw some of its vehicles excluded at the turn of the new year, and only a handful remain across the industry. What are your thoughts?