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Tesla wins Kelley Blue Book’s 2023 5-year Cost to Own Award for premium EVs

Teslarati

Consumers are well aware that vehicle ownership involves not only the purchase price of cars but also the vehicle’s total cost of ownership. With this in mind, Kelley Blue Book (KBB) named its 2023 model-year brand and category winners of its 5-Year Cost to Own Awards. .

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GM, POSCO Future M announce 2nd phase of CAM production in N America; adding pCAM

Green Car Congress

pCAM is a specifically engineered combination of processed raw materials necessary to produce CAM, a key battery material representing about 40% of the cost of a battery cell. Currently, CAM and pCAM processing is highly concentrated in Asia. Site selection will be announced later.

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Convincing Consumers To Buy EVs

Cars That Think

Even if interest in purchasing an EV is increasing, close to 70 percent of Americans are still leaning towards buying an ICE vehicles as their next purchase. In the UK, only 14 percent of drivers plan to purchase an EV as their next car. EVs ain’t cheap Price is another EV purchase risk that is comparable to EV range.

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Why new EV incentives are the nail in the coffin for ICE manufacturers

Teslarati

The new EV tax credit breakdown could award as much as $12,500 for an EV purchase, but that’s not the best part. Additionally, vehicles purchased from a unionized plant will provide an extra $4,500, with $500 more if US-produced batteries are used in the car. EV market in the coming years. million reservations.

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

The credit is not available for Tesla vehicles acquired after December 31, 2019 and General Motors EV purchased after March 31, 2020. Some EV advocates believe that there should not be any MSRP cap and that incentives that encourage the purchase of ANY electric vehicle regardless of price is a good thing. Effective Date: Jan 1, 2022.