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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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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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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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Audi Electric SUV, Tesla Supercharger Growth, Oregon Per-Mile Road Fee: Today's Car News

Green Car Reports

Today, we''ve got confirmation that Audi will build an all-electric SUV, a look at how quickly the Tesla Supercharger network has grown over the past year, and Oregon''s concept for a per-mile road fee that could replace the gas tax. All this and more on Green Car Reports. Today in Car News'

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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

Although fuel costs are the most ‘present’ cost on peoples’ minds, insurance and tax and also see running costs creep up. Without taking into account incentives and subsidies, taxes on electric vehicles are typically more expensive than gas cars—an average of $183 more per year.

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

Baua Electric

After calling off beats with GM to “beat out Tesla” with a cheap SUV, it has now emerged with news that it is mulling over a $14 billion EV and battery plant in Canada. Of course, batteries coming from Canada with materials found in Canada will also help vehicles qualify for the US’s federal EV tax incentives.

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