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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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Hyundai Ioniq 6 deal, affordable Honda and Toyota EVs, Civic and Elantra hybrids: The Week in Reverse

Baua Electric

Two automakers this past week, both known for affordable gasoline cars, dashed hopes of seeing more affordable EVs anytime soon. Toyota also dismisses the viability of an affordable EV —in this case, specific to the European market. 2023 Tesla Model Y – Courtesy of Tesla, Inc.

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Study finds shifts to renewable energy can drive up energy poverty

Green Car Congress

Energy poverty is when a household has no or inadequate access to energy services such as heating, cooling, lighting, and use of appliances due to a combination of factors: low income, increasing utility rates, and inefficient buildings and appliances. We don’t think of energy as a human right when it actually is.

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Guide to California EV Incentives

EV Life

To accomplish this, California has introduced a number of tax credits, rebates, and grants aimed at reducing air pollution and encouraging California drivers to make the switch to low-emission or no-emission vehicles. The state’s 22 million passenger cars and light trucks make up 21% of nitrous oxide (NOx) emissions and 58% of PM2.5

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Blink’s 2023 Year in Review

Blink Charging

Specifically, BlueLA powered by Blink Mobility prioritizes affordable EV car sharing in cities, while Envoy concentrates on offering sharing services as an amenity in apartments, hotels, and workplaces. Like the tax credit for new EVs, the used EV tax credit included an AGI cap and must be sold by a licensed dealer.

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5 Best Electric Car Insurance Tips for Millennials

Clean Fleet Report

The national average for electric car insurance cost is $2,280 per year. The high cost of electric car insurance can be attributed that the fact that an electric car is often more expensive than its gas-powered counterpart. It will also be an effective strategy to have more affordable premiums for your life insurance.

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Top Factors Affecting EV Adoption

EV Connect

Drivers want a safe, affordable and comfortable way to get from A to B. Cost (and Cost Comparison) A recent study showed 67% of would-be purchasers claim cost is a primary concern. However, market competition, falling battery prices and government incentives are pushing the cost of EVs to parity with gasoline.

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