Remove Affordable Remove Companies Remove General Motors Remove Tax Credit
article thumbnail

Chevy Blazer EV stop-sale ends with drastically lower prices, full tax credit eligibility

Baua Electric

With drastically lower starting prices, the Blazer EV now starts at just over $50,000 and qualifies for the full $7,500 federal tax credit. Chevy Blazer EV stop-sale ends with lower prices General Motors issued the stop-sale on the Chevy Blazer EV in late December, just four months after opening orders.

article thumbnail

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.

article thumbnail

Honda may build an EV factory in Canada featuring in-house battery cells

Teslarati

Honda would be aiming to have the facility operational by 2028, and the company is planning to decide on a specific location by the end of this year. It’s also expected to help the automaker gain access to EV tax credits in the U.S. “Each company remains committed to affordability in the EV market.” .

Canada 114
article thumbnail

Hyundai Metaplant America to boost its EV sales in the US 

Teslarati

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. Hyundai Motor Group is investing $7.59 The plant is estimated to generate 8,500 jobs directly. billion in HMGMA. billion in individual earnings per year.

Hyundai 84
article thumbnail

Rivian claims revamped EV incentive bill will benefit its rivals the most

Teslarati

But while companies like Tesla and General Motors are definitely celebrating, electric truck maker Rivian is not. Currently, the United States offers consumers a $7,500 tax credit when they purchase an electric car, though this is capped at 200,000 units. Companies like Rivian have not. .

article thumbnail

Volkswagen aims for sub-$35,000 EV in the U.S.

Teslarati

Many automakers are attempting to offer EVs that are widely affordable and will not break the bank for those who are interested. General Motors has its Chevy Bolt EV that hit a sub-$30,000 price tag , and Tesla is moving toward $30,000, but only after federal and state incentives. It feels that in the U.S.,

article thumbnail

Tesla starts rolling out YouTube ads, focuses on vehicle safety

Teslarati

The recently observed ad on YouTube focused on the safety of Tesla’s vehicles, which is arguably one of the best selling points for the company’s electric cars. During the 2023 Cyber Roundup, Tesla executives such as Elon Musk were asked if the company could start advertising its products. YouTube has over 2.7

Tesla 98