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Tesla $7,500 credit up front, Toyota affordable EVs, Ram electric vans: Today’s Car News

Baua Electric

Toyota pushes back about the viability of affordable EVs. And Tesla buyers can now get the $7,500 EV tax credit up front—if they qualify. Tesla has started applying the EV tax credit at the time of purchase —via its own website and affecting the up-front amount buyers will need to pay when buying a new Tesla.

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Tesla just made leasing a Model 3 or Y more affordable than ever

Teslarati

Tesla just made leasing a Model 3 or Model Y more affordable than ever, offering rates as low as $329 a month for an all-electric vehicle. Tesla’s leasing program gives people the opportunity to have an EV for a slightly smaller cost than owning the vehicle outright, and the terms are variable, just as any other automaker offers.

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87% of US Tesla drivers say they’ll buy another Tesla

Baua Electric

Photo: Tesla Tesla maintains an 87% brand retention rate, with Lexus (68%) and Toyota (54%) trailing, according to a new Bloomberg Intelligence survey. Moreover, 81% of prospective US Tesla drivers are new customers switching from competing EV brands. Get started here. – ad* FTC: We use income earning auto affiliate links.

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Is Buying An Electric Vehicle Becoming More Affordable?

CleanTechnica EVs

However, with a handful of automakers following Tesla’s price cuts throughout this year as well as federal and state incentives, some note that EVs are quickly approaching general affordability in the U.S. Despite many […]

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Why Tesla competitors will need more than affordability to take EV pioneer’s crown

Teslarati

In an attempt to catch Tesla, who has been recognized as the industry leader, car companies have tried all strategies, including undercutting pricing, but they’ll need much more than that to catch up. Tesla’s most affordable vehicle is the Rear-Wheel Drive Model 3, which starts at $42,990 before incentives.

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Tesla partners with Origence for credit union-based financing program

Teslarati

Tesla and Origence, which describes itself as the leading credit union technology company in the United States, have announced a partnership that will allow the automaker to offer car buyers financing through a credit union when ordering a vehicle through the company’s website.

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Tesla China announces 0% down ‘Financial Leasing’ with buy-out options

Teslarati

Tesla China has announced a new “Financial Leasing” plan for more affordability as it offers the option of 0% down to purchase a vehicle, as well as several other financing options. Widespread EV adoption is already occurring in China, and Tesla is among the most popular manufacturers in the market.

China 145