Remove Affordable Remove Auto Industry Remove News Remove Tax
article thumbnail

The Nissan Leaf is Eligible for a $3,750 Tax Credit Again

The Truth About Cars

The Nissan Leaf was already the most affordable EV on sale, but recent changes have made it even cheaper. The automaker announced that the car has regained eligibility for federal tax credits, though for only half of the maximum $7,500. has a free-trade agreement. Image: Nissan] Become a& TTAC insider.

article thumbnail

Survey: Dealers think Biden is moving too fast on EVs

Baua Electric

Dealers think the Biden administration’s EV policies are forcing the auto industry to move ahead of market demand, according to a new Automotive News survey. The rules haven’t been finalized, but that process could be completed as soon as March, the industry journal noted.

Dealers 97
article thumbnail

Tesla led the EV market closer to ICE price parity in 2023: Cox

Teslarati

This figure was not far from the $48,759 considered to be the average price of an ICE vehicle in the same month Following Tesla’s lead, the rest of the auto industry saw an average EV sticker price of $50,798, showing a similar downward trend throughout the year. Cox plans to release a more in-depth EV report later this week.

Price 121
article thumbnail

Tesla’s apparent red carpet treatment in India an effective tool against rivals

Teslarati

India is an increasingly important market in the auto industry. BYD is also facing an investigation over allegations that it had underpaid import taxes in the country. This bodes well for Tesla, especially if it is able to release a small, affordable car that’s a good fit for the Indian market.

India 98
article thumbnail

Biden rumored to announce quadrupling of tariffs on Chinese EVs, up to 100%

Baua Electric

This large tariff has had the effect of excluding Chinese autos from the US market, as it’s easier to export to countries with lower tariffs first. However, given Chinese EVs are incredibly affordable , even a 25% tariff might still result in competitive prices. FTC: We use income earning auto affiliate links.

Chinese 52
article thumbnail

‘Hatchbacks are here to stay; no guarantee that SUVs will remain popular in the future’: RC Bhargava | Autocar Professional

Baua Electric

The Chairman of Maruti Suzuki India Limited who is also a seasoned veteran in the auto industry spanning over four decades, firmly advocates that for India to progress into a developed nation, accessible mobility options are imperative. What can he afford? Tax based on carbon emissions could be one idea worth following up on.

Future 52
article thumbnail

Personal: One in a Million

Clean Fleet Report

In fact, it might not even be possible for the auto industry to produce that many EVs, although the rate of expansion is dizzying. Here’s the top 10 and their sales (and links to our latest reviews/news): Tesla Model 3 EV – 67,262. Buyers could still receive federal tax credits and local incentives if available.