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Tesla increases Model Y, cuts Model 3 prices in the U.S.

Teslarati

Tesla has increased prices on its Model Y all-electric crossover and cut prices on the Model 3 sedan. Tesla’s Model Y Long Range increased $1,500 from $53,490 to $54,990 last night, while Model Y Performance trims went up $1,000 from $56,990 to $57,990. All Model Y trims are now eligible for the $7,500 tax credit.

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Hyundai is launching two new electric cars in Europe, a low-cost EV and new IONIQ model

Baua Electric

Hyundai is launching the Inster EV, an affordable electric car under $27,000 (25,000 euro), and a new IONIQ model. It will likely be based on the E-GMP platform offering over 300 miles range, fast charging in under 20 minutes, and an affordable price tag. The company will make adjustments if needed based on market conditions.

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OPINION: Musk’s distaste for Biden incentives would even EV playing field

Teslarati

Tesla CEO Elon Musk had an idea during an interview last evening with the Wall Street Journal: Get rid of government incentives for everyone, including electric vehicles, gas, and oil subsidies. It is no secret that Tesla fans have felt slighted by President Joe Biden and other members of his administration.

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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.,

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Tesla Takes 520 Reservations for Model S in a Week

Green Car Congress

Since the launch on 26 March, Tesla Motors has taken 520 reservations for the Model S, an all-electric family sedan that carries up to seven people and travels up to 300 miles per charge. The anticipated base price of the Model S is $49,900 after a federal tax credit of $7,500. The company has not released options pricing.

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How Much is a Tesla? Much Less, After These Tax Credits and Rebates

EV Life

Teslas are by far the most popular electric vehicles in the industry today, controlling over 60% of the EV market. But despite their popularity, the company still needs to make pricing modifications in response to market changes to remain competitive.

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Nissan Promises EV for 2010

Revenge of the Electric Car

Regardless, once the $7,500 tax credit is accounted for, and the much lower maintenance costs, these should be about the same as buying a gas car, only the fuel will be less than a dollar a gallon equivalent. Buying one of these will cost about half what the Tesla Model S will cost and you can get it a full year earlier.

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