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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

Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. Additionally, both manufacturers recently announced significant price cuts on both models.

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State EV incentive programs are overwhelmed by demand, forced to pause

Teslarati

Today, the New Jersey Board of Public Utilities has announced that its multimillion-dollar EV incentive program has been overwhelmed by demand and will be forced to pause. According to a new report from The Associated Press , New Jersey is the latest state to face this problem.

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Boost Your Savings: Best US States for Electric Vehicle Incentives

Setec Powerr

Colorado Colorado offers a state tax credit of up to $4,000 for the purchase or lease of a new electric vehicle. This credit is available for both new and used EVs and applies to both residents and businesses. Georgia Georgia offers an income tax credit of up to $2,500 for the purchase or lease of a new electric vehicle.

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Top 10 states offering EV incentives

Plug in America

New Jersey. New Jersey residents may receive up to $5,000 toward the purchase or lease of a new EV. The reinstated Charge Up New Jersey incentive is a “point-of-sale” rebate applied during the purchase or leasing process at dealerships. . California. Massachusetts. Connecticut. Washington.

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Toyota reduces pricing on 2014 Prius Plug-In in US

Green Car Congress

This price repositioning on the base Prius Plug-in Hybrid is not accompanied by any reduction in vehicle content. Pricing for the 2014 Prius Plug-in Advanced model has also been adjusted to make the model more accessible to consumers with a $4,620 reduction in MSRP to $34,905 (excluding DPH). kWh Li-ion battery pack.

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Mercedes-Benz B-Class Electric Drive priced at $41,450 for US; 85-mile range

Green Car Congress

The Mercedes-Benz MY14 B-Class Electric Drive ( earlier post )—the first electric offering for the brand in the United States—is priced at $41,450, excluding $925 destination and delivery. Customers may be eligible for federal tax credits (which run up to $7,500) or state/local tax credits.

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Converting Coal Power Plants to Nuclear Gains Steam

Cars That Think

In the United States, any new reactor must gain the blessing of the federal Nuclear Regulatory Commission (NRC), a process that can take up to five years and drive up costs in a sector already facing rising prices. Only one nuclear power plant is currently under construction in the United States, in eastern Georgia.

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