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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

The first evidence can be seen in consumer interest in the Ford Mustang Mach-E and the Tesla Model Y following the reclassification of both vehicles as SUVs, which made them eligible for a $7,500 federal tax credit under the Inflation Reduction Act. Consumers responded immediately with a 3.4

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Electric motorcycles are gaining momentum

Plug in America

For example, Italian electric motorcycle manufacturer Energica shared that in the first two months of 2020, they sold more electric motorcycles than in the year prior. . Once the big moto manufacturers get involved, the ICE bikes will quickly become a thing of the past. Credit amount: up to $2,500. LiveWire 2018.

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Mullen’s electric trucks earn CARB certification, qualifying for over $45k in customer savings

Baua Electric

As a result, those CARB-compliant states and Washington DC enable tremendous savings to fleet operators who purchase electric trucks from Mullen. Mullen also points out that combined with the $7,500 federal tax credit , commercial customers can purchase a new THREE electric truck at a net cost below $20,000.

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Electric Vehicle Adoption Divide Mapped

The Truth About Cars

Power looked into the latter issue, hoping to identify purchasing trends around the United States. Those states are California, Colorado, Massachusetts, Washington, Oregon and Maryland. There’s plenty of overlap between the two groups. & Nationally, EVs seem to be getting more popular.

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The State of Medium- and Heavy-Duty Vehicle Electrification

Driivz

This is particularly true for cargo vans and similar medium-duty vehicles, driven by purchase commitments from large fleet operators, with heavy-duty fleet operators committing as well. Growth in the MHD manufacturing sector is helping accelerate adoption as well. million fleet vehicles in the U.S. million fleet vehicles in the U.S.

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

You should consult your own tax, legal and accounting advisors before engaging in any transaction. Federal EV Tax Credit To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

Promote a robust market for vehicle manufacturers, utilities, equipment service providers, and support industries that ensures a consistent user experience, customer choice, and allows for a streamlined permitting process. Enhance American manufacturing competitiveness, innovation, and the development of advanced technology.

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