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

Teslarati

That’s higher than the cost of a comparable diesel-powered Class 8 truck, so the Tesla Semi would have to be very compelling to convince drivers and fleet owners to make the switch to electric. With the Inflation Reduction Act of 2022’s $40,000 incentive, the Tesla Semi would be more than affordable in states like California.

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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

with other markets to follow. 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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EV sales near 8% of US new vehicle market

Baua Electric

new vehicle market this month, S&P Global Mobility has predicted. 2024 Honda Prologue Analysts predicted steady growth in EV market share over the next few months in part due to the planned introduction of more affordable models like the Chevrolet Equinox EV, Honda Prologue, and Fiat 500. EV sales will reach 8.0%

Market 52
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President Biden proposes $174B spend on EVs and chargers

Green Car Congress

As part of his more than $2-trillion spending package (“The American Jobs Plan”), President Biden is proposing a $174-billion investment in the EV market in the US. Electrifying the federal fleet, including that of the United States Postal Service. Climate science and clean energy.

Climate 268
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Electrification gaining momentum in fleet vehicle industry – Charged EVs

Baua Electric

The electrification of commercial vehicles, including trucks, buses and fleet vehicles, is gaining significant momentum globally. According to a report by Smart Energy Decisions , there were more than one million electric vehicles (EVs) in commercial and government fleets in the United States as of 2021, up from just over 300,000 in 2019.

Fleet 52
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Canada’s Budget 2022 calls for C$3.8B to launch Critical Minerals Strategy

Green Car Congress

billion) in funding to make zero-emission vehicles more affordable and to build a national network of charging stations. million over four years to launch a new purchase incentive program for medium- and heavy-duty ZEVs to help businesses upgrade their fleets. Among its measures is up to C$3.8 This includes $1.7 This includes $1.7

Canada 468