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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. Additionally, both manufacturers recently announced significant price cuts on both models.

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Honda looks to build a $14 billion EV and battery plant in Canada

Baua Electric

Reports say that Canadian industry minister Francois-Philippe Champagne has spent most of last year building up EV investments to solidify the country’s clean-tech future by offering tax breaks and the promise of overflowing renewable energy sources and rare minerals used in EVs. Thomas, Ontario, with production starting in 2027.

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Chevrolet to begin selling Spark EV in Maryland

Green Car Congress

The Spark EV is also sold in California and Oregon, where sales totaled 1,145 in 2014. Spark EV is priced as low as $17,845, after federal and Maryland tax credits, and it features a locally sourced electric motor and drive unit, manufactured at General Motors’ Baltimore Operations facility in White Marsh, Md.

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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. This year, electric motorcycle momentum has been hot!

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Zinc-Air Battery Company ReVolt Applying for $30M in Recovery Act Funds; Targeting EV Applications

Green Car Congress

ReVolt, based in Stäfa, Switzerland, has selected Portland, Oregon as the location for its US headquarters and manufacturing center. By locating in Oregon, the company will be eligible, and intends to apply for, Business Energy Tax Credits from the Oregon Department of Energy for battery research and production.

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Mitsubishi to debut eight xEVs in next five years: hybrids, plug-in hybrids, EVs

Green Car Congress

Concurrently, the company will focus on producing new compact vehicles and SUVs in emerging markets, and will strengthen manufacturing capabilities in China, Russia, and Thailand. The vehicle is expected to carry a MSRP of $29,995 before taxes and incentives.

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

Baua Electric

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. starting at a suggested MSRP of $68,500. However, only the commercial customers in those 14 CARB-compliant states plus D.C.