Remove Gasoline-Electric Remove SUV Remove Tax Credit Remove Tesla
article thumbnail

How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. It does not act as a rebate (until 2024).

article thumbnail

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

Teslarati

A survey from Cox Automotive estimates that electric vehicle sales in the US auto market could surpass 1 million units for the first time in 2023. Electric cars currently account for about 6.5% Such a trend, however, seems to be largely pushed by Tesla and the popularity of the Model 3 sedan and Model Y crossover.

article thumbnail

The Best Electric SUVs on the Market

EV Life

The electric vehicle market has expanded rapidly in the last few years as automakers have introduced a variety of EV models to keep up with demand. These days, all-electric options are available in every type of vehicle, from high-horsepower electric sports cars to stylish electric luxury sedans to torque-heavy electric trucks.

SUV 52
article thumbnail

Toyota 3-row EVs, Tesla price cuts, electric G-wagen, airless tires: The Week in Reverse

Baua Electric

The Tesla Model Y undercuts the Model 3 by $5,000 —for those who are EV tax credit eligible—under the latest round of Tesla price cuts made last weekend. Tesla has also dropped the price of what it calls Full Self Driving to $8,000, but it’s eliminated the popular $6,000 Enhanced Autopilot option.

Toyota 52
article thumbnail

Hyundai Ioniq 6 deal, affordable Honda and Toyota EVs, Civic and Elantra hybrids: The Week in Reverse

Baua Electric

How can you claim up to $7,500 off some new Tesla models at the time of purchase? Which automaker announced plans to embrace the Tesla charge connector and reignite an offbeat kind of internal combustion engine, all in the same week? Looking at the latest “Highland” Model 3, as priced last week, it undercuts the Tesla by $9,000.

article thumbnail

Blazer EV price cut, Dodge electric muscle, Rivian R2 and R3: The Week in Reverse

Baua Electric

Which affordable EV regained its EV tax credit eligibility this week? With the price cut, the Blazer EV will cost $50,195, or just $42,695 to households who can take advantage of the $7,500 tax credit. The 2024 Nissan Leaf is eligible for an EV tax credit of $3,750, the automaker confirmed mid-week.

Dodge 52
article thumbnail

6 Best Electric SUVs and Crossovers (and how they’re changing the cost of driving)

EV Life

Americans are obsessed with SUVs and crossovers, which make up around 40% of all vehicles sold in the U.S. In addition to the mounting costs of gasoline, our love of SUVs is also costing the planet in terms of carbon emitted by sports utility vehicles (compared to more efficient sedans and hybrids.). Let’s face it.

SUV 52