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Hyundai says its first EV plant will open this year to gain the $7,500 tax credit

Baua Electric

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Tesla is no longer just a luxury brand, says major auto outlet

Teslarati

Tesla price cuts push EV market toward affordability with broader influence In 2022, Tesla’s prices were higher and were competing with companies such as Mercedes-Benz, Aston Martin and Lexus. While the Model 3 starts at $31,490 after the federal tax incentive in the U.S.,

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Government of Canada investing nearly $15M in new EV chargers across the GTA

Green Car Congress

This funding was provided to 32 organizations, including municipalities, multi-resident buildings (MURBs), private firms and utilities. billion to extend the government’s purchase incentive program until March 2025 and to expand the types of vehicle models eligible under the program, which would include more vans, trucks and SUVs.

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Feature: Bridging the EV Affordability Gap

Clean Fleet Report

The number of plug-in electric cars nearly doubled from 40 to more than 70 vehicles this year, including attractive SUV crossovers in the $40,000 range like the Ford Mustang Mach-E and the Volkswagen ID4. Rebates & Tax Credits Don’t Help Most Americans. Put all together, the customer saves up to $200 a month.

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Notable Updates are Coming to the VW ID.4 for 2024, but Only the More Expensive Models

The Truth About Cars

4 range, it remains the only European EV that qualifies for federal tax credits in the United States. VW started building the SUV in Tennessee and sources batteries from SK On, giving the vehicle full access to the $7,500 credit. 4 one of the most affordable EVs on sale today.

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Another One Bites the Dust: Kia Killing the Rio After 2023

The Truth About Cars

Mitsubishi recently announced that it would discontinue the Mirage, removing one of America’s few remaining affordable new cars. Kia will continue building sedans, but cars have fallen off in favor as SUVs and trucks have taken over the world. Though disappointing, the move isn’t a surprise.

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The Volvo EX30 Is Delayed to Fix Software Issues

The Truth About Cars

The Volvo EX30 promises to be one of the most affordable new EVs on the market, but it’s not quite ready for primetime. Volvo recently announced that it was delaying European deliveries of the SUV to fix software issues. Volvo will start building the EX30 at its factory in China, but a Belgian facility will take up production in 2025.

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