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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. Stephanie Valdez-Streaty , director of Industry Insights at Cox Automotive, said: “EV sales continue to grow in the U.S., Better choices and more options are helping push prices lower and drive higher sales.”

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This Volkswagen EV Now Comes with Full Tax Credit Benefits

The Truth About Cars

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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EV Resurgence: Is 2024 the Turning Point for Electric Cars?

The Truth About Cars

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 EV market is facing unpredictability with an expected 1.9 million EV sales. million units.

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Ford Mustang Mach-E captures KBB’s EV Best Buy of 2022

Teslarati

. “As the electric vehicle (EV) market starts to heat up, the 2022 Ford Mustang Mach-E is landing some of the best punches in the EV battle,” KBB wrote in their extensive review of the Mach-E. The Ford EV SUV is eligible for the maximum $7,500 federal EV tax credit, plus any other state and local incentives in your area.

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What EV has the Best Bang for the Buck?

Clean Fleet Report

Nissan’s Leaf has one of the lowest prices on the current market Cheapest of them all is still the Nissan Leaf, with an manufacturer’s suggested retail price (MSRP) of $27,400. While this is the only EV for sale in the U.S. EV buyers still qualify for up to $7,500 in tax credits. In the U.S.,

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Personal: One in a Million

Clean Fleet Report

The good news about the list of EV and PHEV sales from last year is there were 86 models listed, though several were cars that have gone out of production (like my Chevy Volt) but still managed to have a few laggards left for sale. Buyers could still receive federal tax credits and local incentives if available.

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82% of BEVs & PHEVs Available in the US in 2022 Have a Base MSRP of $40,000+

EV Adoption

Out of 82 BEVs and PHEVs that are either currently available for sale in the US, or expected to be so by the end of 2022, 67 of them, or 81.7%, have a base manufacturer’s suggested retail price (MSRP) higher than $39,999, according to new analysis from EVAdoption. Lack of Affordable EVs Remains a Key Hurdle to Mass Adoption.

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