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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. EV sales continue to increase as well, as the EV supply sits at 97 days at the beginning of October. At last check, we had 15 new EV models for sale that were not available a year earlier.

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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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Carvana trends report: Used EVs narrow price gap with ICE cars, triggering sales growth potential

Baua Electric

According to the data gathered, Carvana saw that its used EV sales mix achieved new highs while the price margin compared to traditional combustion vehicles narrowed. The EV trends report combines Carvana’s EV sales data by state plus other metrics from Kelly Blue Book and MarketCheck. of Carvana’s sales in The Sunshine State were BEV.

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The Tesla Model 3 was a force to be reckoned with in Germany’s Dec 2021 vehicle sales

Teslarati

This effectively made it the 2nd-best-selling car in Germany, only behind the much smaller and much more affordable Volkswagen e-up!, In December 2021, KBA data indicated that Mercedes-Benz sold a total of 3,392 C/CLA-Class units, BMW sold a total of 2,875 3/4 Series, and Audi sold a total of 2,362 A4/5, S4/5, and RS4/5.

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Rivian Will Give You a Discount to Trade In a Gas Vehicle for a New R1 Model

The Truth About Cars

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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EV sales in Norway explode ahead of policy changes

Push EVs

The freak volume in December 2022 resulted from one-off pull-forward effects ahead of new policies and auto taxes applying from 2023 onwards. BEVs saw pull-forward sales, with volume around 2.5x their previous monthly record, ahead of new weight taxes, and VAT taxes. Pull forward ahead of tax changes.

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Hyundai and Kia surge past Ford, GM to take second in US EV sales in 2023

Baua Electric

Hyundai and Kia placed second in the US EV market behind Tesla after a record sales year in 2023. Hyundai and Kia take second in US EV sales According to Kelley Blue Book estimates, a record 1.2 of the total US market with over 650,000 deliveries, topping Volkswagen, Subaru, and BMW for the first time.

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