Remove Affordable Remove International Remove Tax Remove Tax Credit
article thumbnail

Volkswagen confirms that U.S.-assembled MY23 ID.4 is eligible for full $7,500 Federal Tax Credit in 2023

EV Specifications

4 models that are placed in service this year will be eligible for the full $7,500 Federal Tax Credit, making it not only extremely affordable, but competitive with conventional compact SUVs. Volkswagen is pleased to announce that all MY23 ID.4

article thumbnail

J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

Power EV Index ( earlier post ), a new, advanced analytics tool that tracks the progress to parity of EVs with internal combustion engine (ICE) vehicles in the United States, this steady decline in price mixed with surging availability is setting the stage for a new era of EV price wars. in January. At the current trajectory, J.D.

Price 404
article thumbnail

SAFE Report: electricity shortfalls impede IRA’s materials production goals

Green Car Congress

However, the series of bills do not address the main obstacle to producing primary aluminum: access to ample supplies of affordable energy, the report says. The SAFE “ Legislative Analysis for the U.S. The IIJA funds $73 billion for aluminum-heavy electric infrastructure and $5 billion for a nationwide network of EV charging stations.

article thumbnail

Nissan schleps the LEAF along for at least one more year, 2025 models start at $28,000

Baua Electric

Still, the LEAF’s starting price of $28,000 makes it one of the most affordable models available today… as long as you find somewhere that has CHAdeMO charging. While we’d argue—or continue to argue—that it’s time for Nissan to put this iteration of the LEAF out to pasture, its tenure as an affordable staple in the EV market cannot be denied.

Nissan 52
article thumbnail

Volkswagen ID.4 receives the 2024 MotorWeek Drivers’ Choice Award

Teslarati

When you hear folks bemoaning the lack of affordable, state-of-the-art electric vehicles, do them a favor and point to the Volkswagen ID.4, 4 with SK ON battery components eligible for full $7,500 tax credit in 2024 The 2023 and 2024 ID.4 And, to add icing on the cake, VW also lowered the price of entry. Volkswagen ID.4

article thumbnail

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

Baua Electric

Which automaker announced plans to embrace the Tesla charge connector and reignite an offbeat kind of internal combustion engine, all in the same week? Two automakers this past week, both known for affordable gasoline cars, dashed hopes of seeing more affordable EVs anytime soon. inch infotainment screen.

article thumbnail

Ford's EV Business is Becoming a Real Drag

The Truth About Cars

billion before taxes and interest, and Ford noted a $4.5 Ford said consumers are unwilling to pay more for an EV than a comparable internal combustion vehicle, putting significant downward pressure on pricing. Ford said it would delay some of the planned EV investments after seeing less demand and more price pressure than expected.

Ford 105