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QOTD: Will An Affordable EV Help You Go Electric?

The Truth About Cars

Today we covered Tesla's back-and-forth on whether it will or won't build an affordable EV. One of the biggest reasons not to purchase an EV that I hear is that the MSRP of most EVs is too high, even considering tax credits. Does that ring true? Sound off below. Image: Tesla] Become a& TTAC insider.

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GM hints at an affordable Chevy Camaro EV: A $35,000 real electric pony car?

Baua Electric

An affordable Chevy Camaro EV? GM President Mark Reuss says the Camaro needs to be revived as a real pony car, hinting it could start at $35,000, similar to the new Equinox EV. The news came after a source from within GM’s Tech Center told them that the Corvette nameplate was due for the same treatment.

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Chevy Blazer EV stop-sale ends with drastically lower prices, full tax credit eligibility

Baua Electric

With drastically lower starting prices, the Blazer EV now starts at just over $50,000 and qualifies for the full $7,500 federal tax credit. Scott Bell, VP of Chevy Global, told Automotive News , “We are aware that a limited number of Blazer EV owners have experienced several software quality issues.”

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GM says EV hurdles are ‘not an issue now’ as new models roll out

Baua Electric

GM had its fair share of EV hurdles last year, leading to disappointing sales. However, CEO Mary Barra says those bottlenecks are a thing of the past as new models like the Chevy Equinox , Blazer, and Silverado EVs hit the market. GM’s delayed rollouts were caused by software issues, freight delays, and other factors.

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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

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). What is less clear is how Tesla and GM will handle leases.

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Hyundai says its first EV plant will open this year to gain the $7,500 tax credit

Baua Electric

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. With a $7,500 tax credit on the line, Hyundai has pulled the timeline forward as quickly as possible. Munoz said EVs produced at the new plant will qualify for the tax credit.

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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. 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.