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Tesla led the EV market closer to ICE price parity in 2023: Cox

Teslarati

A Cox Automotive report shared in a webcast on Monday shows how EV prices gradually dropped throughout last year following Tesla’s price cuts, effectively inching the market closer to reaching price parity with internal combustion engine (ICE) vehicles. Cox plans to release a more in-depth EV report later this week.

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Cadillac teases new Opulent Velocity performance EV concept, is it too little too late?

Baua Electric

After regaining eligibility for the $7,500 EV tax credit, the Chevy Blazer EV 2LT AWD starts at $42,695 (including the credit). That’s still more than the Tesla Model Y, which starts at $36,490 with the tax credit. GM lowered Blazer EV prices by up to $6,500.

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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

Green Car Congress

Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., Some of the ICCT recommendations are mirrored in the recently released Baucus draft proposal for tax reform ( earlier post ), notes Dr. Chris Malins of the ICCT, one of the study’s co-authors.

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OECD paper presents and analyzes policies and programs to foster market growth of green cars

Green Car Congress

The paper, “Market Development for Green Cars”, presents and analyses policies, programs and approaches for the development, market introduction and diffusion of green cars (primarily from the demand (pull) side). It also reviews government policies in a number of OECD countries as well as a selection of non-OECD economies.

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Lucid Air debuts in New York; completes first high speed stability test at 217 mph

Green Car Congress

Lucid Motors made its global auto show debut at the New York International Auto Show, presenting the Lucid Air luxury electric sedan and also presenting its Alpha Speed Car test vehicle, which had just completed its first high-speed stability test at 217 mph (349.2 The Lucid Air is priced from $52,500 after federal tax credits.

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If $50,000 EVs still lose $6,000, when will EVs become profitable?

Baua Electric

BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for. Automakers will only be able to close about half of that cost gap with technology choices, BCG estimates.

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J.D. Power: First-time owners find switching to EVs highly satisfactory

Green Car Congress

Among owners who cite incentives as a key purchase driver, 79% received a federal tax credit/rebate, but only 59% of that group say it was very easy to receive. As the EV market matures, EV owners will compare the build quality to internal combustion engine (ICE) models. PP100) and squeaks and rattles (13.4

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