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Tesla Semi will be incredibly affordable with US’ revamped EV tax credit

Teslarati

The bill allocates $369 billion for programs that help fight climate change and preserve the environment, and it also includes a number of revamped EV tax credits. This should go in line with Tesla’s ramp of its 4680 cells , which are expected to help the company reduce its vehicle production costs.

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This Volkswagen EV Now Comes with Full Tax Credit Benefits

The Truth About Cars

Photo credit: Volkswagen Volkswagen has recently announced that their MY23 and the upcoming MY24 models of the ID.4, 4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. 4 models is conditional on future battery production and may be subject to change. 4 The 2023 ID.4

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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. The company confirmed it was temporarily pausing sales to fix a software quality issue. Barra said 2024 is the “year of execution” as GM looks to get back on track with EV production.

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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. However, the company just slashed leasing prices for the Model 3 and Model Y , its two most popular vehicles, making it as affordable as ever to lease one of the cars with a 36-month term.

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

Baua Electric

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. A year later, the company announced that 99.9% Although Hyundai initially planned to begin construction in early 2023, the company pushed ahead after the Inflation Reduction Act was passed.

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Kia Plans to Release Smaller, More Affordable EV3 By the End of 2024

The Truth About Cars

In fact, Kia’s CEO said the company was pushing forward with plans to release an affordable electric car called the EV3. It's important to note that Kia hasn’t confirmed the EV3 for American buyers, but it’s hard to imagine that an affordable electric model wouldn’t at least cover its costs here, even without federal tax credits.

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