Remove Affordable Remove Manufacturer Remove Range Remove Tax Credit
article thumbnail

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). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

article thumbnail

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. This development makes these models of the ID.4,

article thumbnail

Kia Plans to Release Smaller, More Affordable EV3 By the End of 2024

The Truth About Cars

In fact, Kia’s CEO said the company was pushing forward with plans to release an affordable electric car called the EV3. That should help keep costs in the low $30,000 range, a significant departure from most EVs, which are notably more expensive. Kia is also moving to improve its North American EV manufacturing footprint.

Kia 59
article thumbnail

2022 Nissan LEAF becomes most affordable EV with sub-$30k MSRP

Teslarati

Nissan’s 2022 LEAF has established itself as the most affordable electric vehicle in the U.S. The base LEAF S has an unbelievably low starting price of just $27,400 before incentives, with federal tax credits potentially bringing the cost of the vehicle down to the sub-$20,000 level. Credit: Nissan.

article thumbnail

Volkswagen ID.4 becomes Top 3 most affordable U.S. EV, but there’s a catch

Teslarati

4 will be the third most affordable electric vehicle offering in the United States, but the German automaker will nerf performance to reach the price point. 4 manufacturing to their Chattanooga, Tennessee plant and accompanying performance cuts to the vehicle. 4 becomes Top 3 most affordable U.S. Volkswagen’s ID.4

article thumbnail

J.D. Power launches EV Index; measuring roadblocks to EV adoption, parity to gas-powered vehicles

Green Car Congress

This factor measures the proportion of new-vehicle buyers who have an EV purchase option that meets their buying needs, reflective of factors like price, manufacturer origin, segment and other inputs. Affordability. Availability. Experience.

Power 199
article thumbnail

Ford unveils F-150 Lightning electric pickup; starting at $39,974; arriving in 2022

Green Car Congress

F-150 Lightning offers a standard-range battery targeting 230 miles of EPA-estimated range and an extended-range battery targeting 300 miles of EPA-estimated range. 2022 Ford F-150 Lightning Platinum, Lariat, XLT. Once power is restored, the truck automatically reverts to charging its battery. Standard on base trims is 2.4

F-150 526