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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. As new vehicle transaction prices declined once again in September, according to Kelley Blue Book data, Tesla is the culprit, helping consumers find industry-leading vehicles for a reasonable price.

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Why Tesla Model Y tax credit inclusion is good for some and bad for others

Teslarati

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.

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Electric Vehicle Battery Replacement Cost in India: Examining Affordability and Long-Term Viability

Get Electric Vehicle

However, advancements in battery technology are continuously driving down costs, making EVs more affordable in the long run. #2. It is projected that the cost of electric vehicle batteries could drop by around 50% in the next decade, making EVs even more affordable and competitive with traditional combustion engine vehicles.

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Feature: Top 6 Reasons Why an EV Is the Right Choice

Clean Fleet Report

One of the reasons behind the drastic increase in sales was the more affordable price range of the Tesla Model 3, a best-seller in the U.S., Tesla’s Model 3 paved the way to powerful, affordable EVs. Electric Vehicles are Affordable. You can now purchase an electric vehicle at a fair price due to the existing tax credits.

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Blink’s 2023 Year in Review

Blink Charging

As we approach the end of 2023, we want to acknowledge significant industry news and the remarkable accomplishments of Blink Charging throughout this year. The North American electric vehicle industry made a monumental shift in the summer of 2023, and Blink is proud to respond with our state-of-the-art charging stations.

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Hyundai and Ford’s EV registrations outpace the competition in March

Baua Electric

With new affordable models like the Volvo EX30 and Chevy Equinox EV, some see the momentum picking up in 2024. Some, including Tom Libby, associate director of industry analysis at S&P Global Mobility, expect the Model 3 to make a comeback this year. New Tesla Model 3 (Courtesy of Tesla, Inc.)

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June 2023 – Tesla Model Y is again the bestseller in Norway

Push EVs

Due to the new higher emissions taxes from January 1st, plugless hybrids (HEVs) have taken over share from combustion-only vehicles this year, currently at 6.2% Plugless vehicles will continue to be sold in Norway until plugin options — most likely BEVs — appear in all vehicle segments, and at affordable price points.

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