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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain.

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Tesla Model 3 price cuts puts new car cheaper than some used Model 3s

Teslarati

The Model 3 has already become cheaper to buy than ever before in the U.S. The recent price cuts enable buyers to purchase a base Model 3 for $43,990, and with the EV tax credit, that price is further reduced. Wild, Tesla has made buying a new Model 3 cheaper than buying one used. due to the recent price cuts.

Price 98
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Tesla dominates Canada’s iZEV rebate program, doubling nearest competitor

Teslarati

Tesla is dominating Canada’s iZEV rebate program that rewards drivers for choosing to buy a clean energy vehicle. Since the Canadian Government launched its EV incentive program in 2019 , it has become more popular as it is giving car buyers a route to feeling substantial discounts on their new vehicles. based producers.

Canada 119
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Tesla Model 3 made cheaper than ever before due to inflation

Teslarati

The Tesla Model 3 has become cheaper to buy than ever before, thanks to a recent price cut and inflation over the past four years. When the $35,000 Tesla Model 3 arrived (and quickly departed) in 2019, it was heralded as the electric vehicle for the everyman, a Volkswagen Bug for the modern era.

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Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. billion through 2019. billion through 2019. For example, an average plug-in hybrid vehicle with a battery capacity of 16 kWh would be eligible for the maximum tax credit of $7,500.

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Canada and California to work together on cleaner transportation

Green Car Congress

In the 2019 budget, the Government of Canada announced rebates of up to $5,000 for consumers on the purchase of zero-emission vehicles. Businesses that buy zero-emission vehicles are also now eligible for a tax benefit estimated to be worth around $13,000 in the year they purchase the vehicles.

Cleaner 255
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Former Buick-GMC worker in Michigan sentenced to 42 months in jail for embezzling

Baua Electric

The Circumstance of Michigan stated it believes Root embezzled the cash between 2016 and 2019, the usage of the money for playing. It was once when LaFontaine was once buying Glenn Buege Buick-GMC Lansing that Root confessed to taking greater than $250,000 from the dealership to safeguard her playing losses.

Buick 52