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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit. Chart Source: EV Volumes.

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Tesla set to dominate North America’s used car market as officials ponder 2nd-hand EV incentives

Teslarati

Telsa could dominate the United States and Canada’s used car industry as politicians contemplate introducing tax credits and rebates for used electric vehicles (EVs). 2021 Tesla Model 3 Performance gives way to the 2020 version of itself in drag race. in Fall 2020 to 6.5% in Fall 2020 to 6.5%

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

Teslarati

The Tesla Model 3 price cuts have put the cost of a new base Tesla Model 3 lower than that of some used Tesla Model 3s in some cities. 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. due to the recent price cuts.

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Tesla bulls respond to ‘The Big Short’ and his massive bet against the stock

Teslarati

Tesla ( NASDAQ: TSLA ) bulls are responding to “The Big Short” Michael Burry’s massive bet against the electric automaker’s stock, indicating that their beliefs don’t align with the man who correctly predicted the 2008 collapse of the housing crisis. They will likely get restarted again for Tesla owners.”

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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. . 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.”. LiveWire 2018.

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Biden attends the Detroit auto show to further promote EVs

Setec Powerr

Congress and self-proclaimed “car enthusiast” Biden previously promised tens of billions of dollars in loans, manufacturing and consumer tax credits, and grants aimed at accelerating the U.S. electric car market, Tesla dominates, selling more EVs than the three Detroit car companies combined. In the U.S.

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3 Reasons an Electric Vehicle is the Perfect Present

EV Match

As if one partner would buy two new cars – a significant purchase – for her and him as a complete surprise. Car and Driver ‘s comparison did factor in the $7,500 federal tax credit, but it didn’t consider state, utility, and local credits and incentives. Credit: Ford. Tesla Cybertruck.