The Truth About Cars

APRIL 23, 2024

Rivian sells two compelling EVs that have garnered a good deal of happy customers, but they’re far from affordable. At around $70,000 to start, the brand’s R1T pickup and R1S SUV are out of reach for most buyers, even after the $3,750 federal tax credits for some models.

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The Truth About Cars

APRIL 5, 2024

The Tesla Model Y, the best-selling EV in the world, is now more affordable than ever as the automaker looks to clear existing inventory with deep discounts. It’s also eligible for federal tax credits, which makes it an even more compelling option.

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The Truth About Cars

FEBRUARY 9, 2024

tax credits and other supply chain challenges may make that difficult. It’s unclear, perhaps unlikely if we’ll see the 600e, but the market needs smaller, more affordable EVs to sustain itself. The Italian government has pressured Stellantis to localize more production within the country, but competing priorities with U.S.

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The Truth About Cars

AUGUST 23, 2023

Mitsubishi recently announced that it would discontinue the Mirage, removing one of America’s few remaining affordable new cars. Kia currently builds the EV6 in South Korea and needs a North American manufacturing location for its vehicles to qualify for federal tax credits. Though disappointing, the move isn’t a surprise.

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EV Connect

SEPTEMBER 11, 2023

In this blog post, we will provide an overview of these incentives, including eligibility requirements and application procedures. We will also discuss the advantages of transitioning to electric vehicles and how these incentives can make the switch more affordable. This is where charging incentives play a crucial role.

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The Truth About Cars

FEBRUARY 14, 2024

At the same time, the updated Model 3 is ineligible for federal tax credits, though that could change as Tesla gets its arms around the production of the new car. There are very few electric models anyone could consider affordable, and some are remarkably more expensive than comparable gas models.

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The Truth About Cars

DECEMBER 28, 2023

EVs are entirely too expensive, and tax credit rules are confusing, making it difficult for the general car-buying public to afford an electric car and then understand how it impacts them financially going forward. Image: Iryna Imago via Shutterstock] Become a& TTAC insider.

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The Truth About Cars

OCTOBER 27, 2023

Though more affordable models are allegedly on the horizon, the EV market as a whole is too expensive, preventing many potential buyers from getting behind the wheel. Upcoming changes to the EV tax credit rules may help, but it will likely be years before EVs reach parity with their gas counterparts.

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The Truth About Cars

MARCH 7, 2024

At the same time, the new car lost tax credit eligibility and its place as a compelling, affordable EV as a result. As these things typically go with Tesla, the automaker will likely sell all the Model 3 Performance units it can build.

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The Truth About Cars

JANUARY 30, 2024

The Volvo EX30 promises to be one of the most affordable new EVs on the market, but it’s not quite ready for primetime. after Volvo gets the EX90 rolling at its South Carolina factory, which will open at least partial EV tax credit eligibility for both models. Software version 1.2 Production will begin in the U.S.

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The Truth About Cars

OCTOBER 20, 2023

Lucid’s vehicles are noteworthy but far from affordable, leaving the company with a bit of a demand problem. The Air is too expensive to qualify for government tax credits, and other automakers are closing in on its performance and range, sometimes at lower price points. & [Image: Lucid] Become a& TTAC insider.

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The Truth About Cars

JUNE 20, 2023

The free Supercharging offer could be worth thousands, though it’s not like these discounts are making either EV particularly affordable. The good news for the automaker is that the Model 3 and Model Y both qualify for federal EV tax credits, making their far lower prices even more reasonable.

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The Truth About Cars

MAY 23, 2023

That number becomes even more appealing after government tax credits, which cut another $3,750 off the price, making the Model 3 a compelling EV.& & Price cuts have made the Model 3 more affordable for leasing, too, as the car is now around $384 per month.

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The Truth About Cars

JULY 25, 2023

With incentives and tax credits, the final price could be much lower than that, making it the most affordable new EV on sale now. .& While yet another cookie-cutter electric car might not sound that exciting, the Bolt is a breath of fresh air in an EV market that increasingly seems targeted only at the rich.

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Blink Charging

DECEMBER 19, 2023

Specifically, BlueLA powered by Blink Mobility prioritizes affordable EV car sharing in cities, while Envoy concentrates on offering sharing services as an amenity in apartments, hotels, and workplaces. Like the tax credit for new EVs, the used EV tax credit included an AGI cap and must be sold by a licensed dealer.

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The Truth About Cars

FEBRUARY 1, 2024

About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges. Luxury-minded electrics are simply too expensive for most people to afford and the more pedestrian models have been seen in the news for battery fires and botched product launches.

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Driivz

OCTOBER 27, 2021

The “carrot” typically takes the form of incentives such as subsidies and tax credits. The German government offers grants up to €9,000 plus tax reductions for fully electric passenger vehicles, €40,000 for small to medium-sized electric trucks and up to €500,000 for heavy-duty trucks.

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The Truth About Cars

SEPTEMBER 5, 2023

That's why Tesla reducing pricing to gain market share is so critical and is pulling that affordability score up," she said. Originally, the EV tax credit scheme was supposed to be a temporary measure to spur adoption rates and encourage manufacturers to pursue the technology as a way to adhere to swelling emission regulations.

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Plug In Partners

MAY 7, 2007

P erhaps the most important milestone in developing Plug in Hybrids is the availability of an affordable, practical, and powerful battery pack. snip At an initial 40 mile module installed price of $10,000 supported with a $3500 tax credit , the payback period for a fleet owner with $3.00/gallon gallon gas is 2.5

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The Truth About Cars

SEPTEMBER 22, 2023

That makes the $33,550 (before any federal tax credits or state incentives) Kona Electric the most affordable way to take advantage of the deal. But you’ll still have to find someone to install the unit into your home, to which the manufacturer has offered a $600 credit toward installation.

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Driivz

FEBRUARY 26, 2023

In this blog, we’ll look at five things you can do decrease EV Charging station costs and cut OPEX and CAPEX so you can offer affordable pricing to customers, attract more drivers to your network, and minimize upfront costs. In the U.S.,

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Blink Charging

SEPTEMBER 1, 2023

Used EVs are becoming more affordable Used vehicles have always been popular due to their lower costs, and the earliest EV adopters are now selling their cars so they can buy the latest innovations. Learn more about the Used EV Tax Credit. How do you claim the Used Clean Vehicle Credit?

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Tony Karrer Delicious EVdriven

APRIL 21, 2009

Sure, if you need to make lots of long trips in a car, and can only afford to have one car, then probably a Tesla’s not for you. Where is affordable. With this price I can buy a nice used C200 class Mercedes and still have money to afford Gas……uuuuuugh. Please wake up…… — Anthony 20.

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The Truth About Cars

AUGUST 10, 2023

However, government incentives (EV tax credits) have made them more attractive in the general sense. The Tesla Model Y may still be on the pricier side of affordable EVs, lack the fit-and-finish of other models, and be a little too barren inside for some tastes.

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Get Electric Vehicle

OCTOBER 27, 2023

How to Win the EV Race –  Blog Series This is the second part of How to Win the EV Race blog series As An EV Maker, What Does It Take to Win the EV Race? This includes battery technology, electric drivetrains, and other components to improve efficiency, range, and affordability.

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The Truth About Cars

JUNE 7, 2023

Despite all-electric vehicles being heralded as environmentally sound solutions that would kick down the door to affordable mobility, there haven’t been a lot of good examples hitting the market recently. Most models are aimed at the affluent, resulting in 9,000-pound behemoths with six-figure price tags.

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Cars That Think

OCTOBER 26, 2021

But the difference is that only a minority of Americans today can afford to buy a new car. Most Americans do not have that saved and do not have the credit to do that. There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. So that's what it takes.

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Cars That Think

OCTOBER 26, 2021

But the difference is that only a minority of Americans today can afford to buy a new car. Most Americans do not have that saved and do not have the credit to do that. There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. So that's what it takes.

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The Truth About Cars

SEPTEMBER 25, 2023

Nobody likes bureaucratic red tape or waiting on payment and this seems to have become a sticking point for retailers nervously waiting to see how the United States’ updated EV tax credit scheme plays out. There was no longer any limit to the length of time the industry could benefit.

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The Truth About Cars

APRIL 12, 2023

New vehicle pricing is already higher than most people can afford and unfettered government spending has weakened the dollar. But who is going to give a s**t when they don’t have jobs and can’t afford the resulting products? But the public seems to be losing its appetite for the premise. I’m not bashing EVs.

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Creative Greenius

JULY 25, 2009

Maybe if we’re lucky, NPR and PBS will pick up on this story after they read this blog piece (how nice for them that someone has done the reporting legwork for free). There was no reporter in the room last month, and there’s been no media coverage of this meeting.

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Tony Karrer Delicious EVdriven

APRIL 21, 2009

It has awarded tax credits worth about $100 million to each of four manufacturers of electric-hybrid car batteries. Oregon cant afford to play that game, or at least not at those levels, but McCabe thinks it remains a serious contender for Norwegian electric car manufacturer Think. Caption Contest: Round 29!

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The Truth About Cars

SEPTEMBER 13, 2023

The truth is that electric vehicles aren't a reliable option for everyone, nor are they affordable. Those who want an electric vehicle and can afford it have every right to purchase one. The fact remains that there’s an affordability issue with modern vehicles that’s been even tougher for EVs to cope with.

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