Toyota and Nissan EVs: With $7,500 tax credit phaseout soon, don’t miss the affordability window
Green Car Reports
MARCH 28, 2022
The runway is looking shorter for two new affordable electric vehicles from Toyota and Nissan.
Affordable Electric Vehicles Sale Tax Credit 
Volkswagen ID.4 with SK ON battery components eligible for full $7,500 tax credit in 2024
Teslarati
JANUARY 25, 2024
4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle.
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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout
EV Adoption
AUGUST 18, 2021
Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.
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This Volkswagen EV Now Comes with Full Tax Credit Benefits
The Truth About Cars
JANUARY 30, 2024
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. that qualifies for the full Federal Tax credit. Sales Performance and Impact of the ID.4
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Upcoming Changes to the Clean Vehicle Tax Credit Explained
Blink Charging
NOVEMBER 16, 2023
To encourage clean and energy-efficient vehicle adoption, the United States government has made significant changes to the Clean Vehicle tax credit, to take effect from January 1, 2024. These changes make it easier for drivers to access tax credits when purchasing clean vehicles.
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Tesla price cuts push EV market toward affordability with broader influence
Teslarati
OCTOBER 12, 2023
Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. As new vehicle transaction prices declined once again in September, according to Kelley Blue Book data, Tesla is the culprit, helping consumers find industry-leading vehicles for a reasonable price.
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Why Tesla Model Y tax credit inclusion is good for some and bad for others
Teslarati
FEBRUARY 7, 2023
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. On Friday, the Model Y’s entire lineup was added to the list of qualifying vehicles after the U.S. .” Lower prices mean more sales.
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Chevy Blazer EV goes on sale again with lower price tag
Teslarati
MARCH 9, 2024
General Motors (GM) brand Chevrolet has begun selling the Blazer electric vehicle (EV) once again, after the automaker halted orders for over two months due to a software quality issue. The post Chevy Blazer EV goes on sale again with lower price tag appeared first on TESLARATI. What are your thoughts?
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Tesla Temporarily Cut Model Y Pricing
The Truth About Cars
FEBRUARY 12, 2024
The Tesla Model Y is the world’s best-selling electric vehicle, but that hasn’t stopped the automaker from exploring new ways to boost buyer interest. Though it’s eligible for federal tax credits, Tesla is temporarily decreasing pricing on the SUV, dropping it to $42,990 for the base model and $47,990 for the Long Range model.
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Hyundai Metaplant America to boost its EV sales in the US
Teslarati
FEBRUARY 28, 2024
Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. Hyundai Motor Group was second in EV sales last year thanks to its Hyundai and KIA brands. Hyundai Motor Group is investing $7.59 billion in HMGMA.
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Boost Your Savings: Best US States for Electric Vehicle Incentives
Setec Powerr
MAY 5, 2023
Electric vehicles are becoming increasingly popular as people seek eco-friendly alternatives to traditional gasoline-powered cars. Many states in the US offer various incentives to encourage the adoption of electric vehicles, making it more affordable for consumers to make the switch.
Hyundai sold nearly 269,000 electric vehicles last year as IONIQ 5 and 6 spark growth
Baua Electric
JANUARY 25, 2024
Hyundai sold 268,785 EVs in 2023 During the last three months of 2023, Hyundai sold over 57,975 electric vehicles globally. With this, Hyundai’s global EV sales reached 268,785 in 2023. Hyundai attributed the growth to higher sales of its dedicated IONIQ EVs. of the foundation work was completed on its massive $5.5
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Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV
EV Life
AUGUST 4, 2023
General Motors was one of the original pioneers of electric cars, introducing the EV1 in 1996 and the game-changing Volt in 2010. Chevrolet has continued that trend in the last few years—emerging as a major leader in the electric vehicle industry. Federal, State, and Local EV Incentives Federal Tax Credit.
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LG Energy Solutions shifts plans for Arizona plant
Teslarati
OCTOBER 24, 2023
. “In response to constantly evolving and diversified market needs, we will secure differentiated production competitiveness across all segments, ranging from premium and mainstream to affordable,” said Youngsoo Kwon, CEO of LG Energy Solution. Without IRA Tax credits, LGES’ operating profit would be KRW 515.7
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Honda may build an EV factory in Canada featuring in-house battery cells
Teslarati
JANUARY 7, 2024
Japanese automaker Honda is considering locations to build an electric vehicle (EV) factory in Canada featuring the use of in-house battery cells. 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.” .
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EV Resurgence: Is 2024 the Turning Point for Electric Cars?
The Truth About Cars
JANUARY 23, 2024
Photo credit: Suwin66 / Shutterstock.com The electric vehicle (EV) market is experiencing a significant growth in 2024 , with expectations for sales of passenger EVs to climb by 21 percent in 2024, reaching 16.7 Stability in Europe Europe is likely to witness a stable increase in EV sales, with projections of 3.4
Another One Bites the Dust: Kia Killing the Rio After 2023
The Truth About Cars
AUGUST 23, 2023
Mitsubishi recently announced that it would discontinue the Mirage, removing one of America’s few remaining affordable new cars. Hyundai cut the Rio’s corporate counterpart, the Accent, after 2022, and sales of the subcompact have been slow for a while. Average vehicle purchase prices in the U.S.
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Feature: Top 6 Reasons Why an EV Is the Right Choice
Clean Fleet Report
JUNE 15, 2021
Electric cars are a current trend. In 2019, the sales of electric vehicles totaled 1.1 million worldwide during the first half of the year, according to Edison Electric Institute. This figure represents a 46 peercent increase compared to sales made in 2018. Electric Vehicles are Affordable.
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Electric Vehicle Adoption Divide Mapped
The Truth About Cars
SEPTEMBER 5, 2023
The study suggested battery-electric sales comprised 8.6 Some of this is down to how regional climates impact battery ranges or the fact that you really need a garage fitted for vehicle charging if you want to get the most out of owning an EV. & Nationally, EVs seem to be getting more popular. However, Elizabeth Krear, J.D.
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Tesla starts advertising campaign on Cars.com
Teslarati
MARCH 27, 2024
Tesla really seems to be hitting its stride with regards to its efforts to advertise its all-electric vehicles. And as per recent observations from members of the electric vehicle community, Tesla now seems to be adopting some strategic ads for people who are specifically looking for a car.
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Tesla set to dominate North America’s used car market as officials ponder 2nd-hand EV incentives
Teslarati
MAY 25, 2021
Telsa could dominate the United States and Canada’s used car industry as politicians contemplate introducing tax credits and rebates for used electric vehicles (EVs). Tesla started producing its affordable Model 3 sedan only a few years ago, but it has already started making headways in the used car market.
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Volkswagen aims for sub-$35,000 EV in the U.S.
Teslarati
NOVEMBER 9, 2023
Volkswagen is aiming to bring an electric vehicle to the U.S. Many automakers are attempting to offer EVs that are widely affordable and will not break the bank for those who are interested. However, the German automaker has not tasted the success it expected, and sales have been relatively underwhelming. In the U.S.,
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Tesla Model Y and Model 3 receive fresh price cuts in the US
Teslarati
OCTOBER 5, 2023
Tesla seems determined to push as many Model 3 sedan and Model Y crossover sales in the United States this fourth quarter. As per updates on Tesla’s official order pages for its two best-selling all-electric vehicles, the Model 3 and Model Y have received a fresh batch of price cuts.
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Is the Depreciation Cost of Electric Vehicles the Same as Conventional Vehicles?
Get Electric Vehicle
JUNE 12, 2023
With the increasing popularity and adoption of electric vehicles (EVs), many prospective buyers are curious about the overall costs associated with owning an EV. One crucial deciding factor in countries like India, is the depreciation, as it directly impacts the resale value and long-term financial implications of owning a vehicle.
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Cost Parity?: Two Dozen EVs “Available” in the US Start At Less Than $45,000
EV Adoption
JUNE 21, 2022
But assuming you can get your hands on one, roughly two-dozen BEVs and PHEVs available for sale in the US this summer have a base manufacturer’s suggested retail price (MSRP) of less than $45,000. Now of course it is important to point out several things: The base MSRP does not include delivery fees or taxes. Absolutely.
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Blink’s 2023 Year in Review
Blink Charging
DECEMBER 19, 2023
It’s been a great year with company record-breaking sales and big increases in our membership. There are now nearly 460,000 Blink members, and we are already planning celebrations for our next sales and membership milestones. 2023 is nearly at its end, and the Blink team is working hard to bring EV charging everywhere.
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Electric vehicles Prices May Drop Soon, and Here’s Why
Get Electric Vehicle
SEPTEMBER 6, 2022
There seem to be significant advancements in technology and performance for new electric automobiles every week. Electric vehicles are becoming more widely available as a result of ongoing innovation and the newly gained acceptance from the people. The Expiration of Tax Benefits. What Drives The Price Drop.
Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy
The Truth About Cars
FEBRUARY 1, 2024
A recent survey, conducted by Automotive News , has indicated that automotive dealerships are still broadly dissatisfied with the Biden administration’s strategy to force the United States to pivot toward all-electric vehicles. Others likewise said that it should be the market driving EV sales, not pressure from the government.&
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Progress! IRA signed into law
Electric Auto Association
SEPTEMBER 9, 2022
EV provisions The legislation creates a new and used EV tax credit, extending the tax credit on some new EVs to 2032 while shifting tax incentives to more affordable models that are manufactured in North America. This will support millions more low- and middle-income families than the original credit.
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Tesla Model 3 made cheaper than ever before due to inflation
Teslarati
JANUARY 14, 2023
When the $35,000 Tesla Model 3 arrived (and quickly departed) in 2019, it was heralded as the electric vehicle for the everyman, a Volkswagen Bug for the modern era. ” The Model S now starts at just under $100,000, and for one of the quickest vehicles on the planet, it might just be the best deal in supercars.
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2023 was a tremendous year for both EVs and Plug In America!
Plug in America
DECEMBER 21, 2023
in a year First NEVI charging stations up and running Gasoline sales have passed their peak It’s been a busy year here on the policy team. Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. Over a million EVs sold in the U.S.
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Guide to California EV Incentives
EV Life
APRIL 14, 2023
So, if you’re looking to do your part to stop climate change, your vehicle is a great place to start. By switching from a gas to an electric vehicle, the average American can reduce their individual carbon footprint by over 25%, helping the U.S. Black and Latino communities are exposed to 43% and 39% more deadly PM2.5
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Top 5 Reasons for Using a Electric Car in India
Electric Vehicles India
DECEMBER 22, 2022
Electric vehicles (EVs) have gained increasing popularity in India in recent years as the country has made efforts to reduce its reliance on fossil fuels and curb air pollution. Electric Cars in India. Electric Cars in India. Top5 Reasons for Using Electric Cars in India.
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Majority of dealers complain US is bringing them too fast into the EV future
Baua Electric
FEBRUARY 1, 2024
Ford F-150 Lightning (Source: Ford) A strong majority of car dealers complain the US government’s strategy is bringing them too fast into the electric vehicle future. 55 percent believe that “EVs aren’t generating customer interest or sales at their stores, with some citing affordability concerns or a lack of inventory.”
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Ford F-150 Lightning becomes Vermont Governor’s truck
Teslarati
AUGUST 6, 2022
In Vermont, we have made substantial investments in EV infrastructure and incentives to make them more affordable. Now, Vermont will be the first state whose governor’s official vehicle is all-electric. This news comes shortly after Ford announced yet another successful month of EV sales , continuing to grow month over month.
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Researchers call for major change in US policies supporting plug-ins; failure of “mainstream consumer bias”
Green Car Congress
JANUARY 6, 2014
Although sales of plug-in vehicles (plug-in hybrid-electric and battery-electric vehicles, collectively PEVs) in the US climbed more than 80% in 2013 to more than 96,000 units (Tesla has not yet released its final figures) from 52,835 units in 2012 EDTA ), the 2013 results still reflect a meagre new light-duty vehicle market share of ~0.6%
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Oregon’s EV incentive program that brought Tesla prices below $30k is running out of money
Teslarati
MARCH 18, 2023
Oregon’s electric vehicle incentive program that was widely publicized for bringing the price of a Tesla Model 3 well below $30,000 is being suspended for a year starting in May because it is running out of money. According to Fox Business , Oregon expects 1.5 million people to be driving EVs in the state by 2035.
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Here’s every electric vehicle that currently qualifies for the US federal tax credit in 2024
Baua Electric
JANUARY 3, 2024
As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place.
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Nissan ends LEAF production in the UK for new EVs, including its successor
Baua Electric
FEBRUARY 29, 2024
A Nissan spokesperson said “After 13 years of great success, the current generation of Nissan Leaf, the world’s first mass-market 100% electric vehicle, is approaching the end of its life cycle in Europe.” That would mean losing the EV tax credit and likely falling behind rivals as new, more advanced EVs hit the market.
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Ford Mustang Mach-E captures KBB’s EV Best Buy of 2022
Teslarati
DECEMBER 14, 2021
Ford has captured a tremendous accolade with the Mustang Mach-E after Kelley Blue Book announced that the all-electric crossover is the Electric Vehicle Best Buy for 2022. ” (Credit: Ford). The Mustang Mach-E is Ford’s first electric vehicle. The Ford Mustang Mach-E is not your typical Mustang.
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NEMA endorses Biggert-Markey EV infrastructure bill
Green Car Congress
MAY 4, 2011
The National Electrical Manufacturers Association (NEMA), on behalf of its Electric Vehicle Supply Equipment/Systems (EVSES) product section, has endorsed HR 1685 , the Electric Drive Vehicle Deployment Act of 2011. The credit is currently set to expire at the end of this year. Earlier post.)
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US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity
Green Car Congress
FEBRUARY 8, 2011
The US Department of Energy (DOE) has released One Million Electric Vehicles by 2015 , a short status report on advances in deployment and progress to date in meeting President Obama’s goal of putting one million plug-in electric vehicles (PEV) on the road by 2015. Production capacity. Earlier post.).
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President Obama announces $1B National Community Deployment Challenge to spur deployment of alternative-fuel vehicles; new purchasing incentives; new EV Everywhere research grand challenge
Green Car Congress
MARCH 7, 2012
The deployment Challenge is designed to catalyze up to 10 to 15 model communities to invest in the necessary infrastructure, remove the regulatory barriers, and create the local incentives to support deployment of advanced vehicles at critical mass. Tax credits. National Community Deployment Challenge. EV Everywhere.
Personal: One in a Million
Clean Fleet Report
FEBRUARY 27, 2022
California’s plug-in vehicle sales tally is impressive: 663,014 battery electrics (62.9%). 11,956 fuel cell electrics (1.1%). If you’re adding up the numbers that 1,054,095 electric vehicles since the state began counting in 2011. The cars Californians choose set the tone for EV sales for 2021.
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