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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. Power EV Index.

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A New Tesla Model 3 For As Little As $27,000? It's Possible In Oregon

InsideEVs

You may be able to get a similar price in some other states that offer compelling incentives on top of the US federal EV tax credit.

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Oregon’s EV incentive program that brought Tesla prices below $30k is running out of money

Teslarati

Oregon’s electric vehicle incentive program that was widely publicized for bringing the price of a Tesla Model 3 well below $30,000 is being suspended for a year starting in May because it is running out of money. According to Fox Business , Oregon expects 1.5 million people to be driving EVs in the state by 2035.

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Rhode Island’s DRIVE EV program encourages sustainable transport

Teslarati

Tesla victorious in Rhode Island after state approves license to sell direct DRIVE EV offers rebates of up to $2,500 for car buyers who purchase or lease a new fully-electric or fuel-cell EV. Why Tesla Model Y tax credit inclusion is good for some and bad for others Used EVs are also a part of the program but offer smaller rebates.

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Electric motorcycles are gaining momentum

Plug in America

“Riding a cool looking bike that is literally the quickest vehicle around (with the exception of the Premium Tesla Model S) makes me very happy.”. Federal tax credit : Tax credit for the purchase of a new two-wheeled plug-in electric drive motor vehicle. Credit amount: up to $2,500.

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

Green Car Congress

Customers may be eligible for federal tax credits (which run up to $7,500) or state/local tax credits. The MY14 B-Class Electric Vehicle will be available beginning in mid-July to dealers in California; Connecticut; Maine; Maryland; Massachusetts; New Jersey; New York; Oregon; Rhode Island; and Vermont.

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8 ZEV states announce US ZEV sales top 260,000 units

Green Car Congress

The other seven states—Connecticut, Maryland, Massachusetts, New York, Oregon, Rhode Island and Vermont—account for more than 135,000 vehicles. Maryland expanded a tax credit for vehicle purchase and leasing and converted a tax credit for charging equipment to a rebate. million by 2025.

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