Remove Affordable Remove New Jersey Remove Purchase Remove Tesla
article thumbnail

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

Green Car Congress

The trend is consistent with steady growth in availability and affordability. on a 100-point scale) in January 2023 from 35 in December 2022, meaning approximately four-in-ten new vehicle shoppers currently have a viable alternative to ICE vehicles. Overall affordability has also improved by a similar margin, rising to 85.6

Price 404
article thumbnail

Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning.

Ford 98
article thumbnail

Progress! IRA signed into law

Electric Auto Association

EV provisions The legislation creates a new and used EV tax credit, extending the tax credit on some new EVs to 2032 while shifting tax incentives to more affordable models that are manufactured in North America. or $150,000 for individuals filing jointly, for the year of the purchase or prior year.

article thumbnail

The New Electric ‘Vehicle’ City

Electric Auto Association

Power study revealed that 24% of car shoppers are likely to purchase an electric vehicle, four percentage points higher than in 2021. Kruk and her husband joined the Electric Drive Group in 2015 when they purchased their first EV, a Chevrolet Spark. “In At the time, affording a Tesla wasn’t in the cards for us.”

article thumbnail

BMW MINI E Powered by AC Propulsion?

Revenge of the Electric Car

The biggest obstacle for those who would prefer an alternative has been lack of purchasable plug-in electric vehicles since 2003 when auto manufacturers ceased production of plug-in EVs like the GM EV1, Honda EV Plus, and Toyota RAV4-EV. Driven by electricity: reliably, affordably and free of emissions. second range. www.bmwusa.com.

Mini E 100