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. Power EV Index. According to the J.D.

Price 404
article thumbnail

Tesla Semi will be incredibly affordable with US’ revamped EV tax credit

Teslarati

That’s higher than the cost of a comparable diesel-powered Class 8 truck, so the Tesla Semi would have to be very compelling to convince drivers and fleet owners to make the switch to electric. With the Inflation Reduction Act of 2022’s $40,000 incentive, the Tesla Semi would be more than affordable in states like California.

article thumbnail

Next 10-UC Berkeley study suggests additional tax revenue or income-based rate structure to make electricity more affordable for Californians

Green Car Congress

California’s current strategy of recovering a myriad of fixed costs in electricity usage rates must change as the state uses more renewable electricity to power buildings and vehicles, according to the findings from a new report from the Energy Institute at the UC Berkeley Haas School of Business and non-profit think tank Next 10.

article thumbnail

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

Green Car Congress

Power has introduced the J.D. Power EV Index, an analytics tool to track the growing EV market in the United States. Affordability. Each month, the index will arrive at one number (on a 100-point scale) to make it easy to understand the progress to parity of EVs with traditional internal combustion engine (ICE) vehicles.

Power 199
article thumbnail

With gas phase-out in view, Europe could lose $160 billion in fuel taxes

Teslarati

With Europe’s gas phase-out plans now within view, the countries there could be set to lose significant funding from fuel taxes in the coming years. Still, the change could have some latent effects, especially as most countries get crucial revenue from taxes on gas. What about in other countries?

Fuel Tax 109
article thumbnail

Ford CEO doubles down on affordable EVs after BYD, China’s EV bet is paying off

Baua Electric

Ford CEO Jim Farley wants the company to deliver affordable EVs like Henry Ford did with the Model T. Ford moves to affordable EVs Farley believes its next-gen EVs will “not only be profitable, but also affordable for most Americans.” BYD stopped making gas-powered cars in 2022 as it shifted its focus to electric.

article thumbnail

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

Baua Electric

An affordable Chevy Camaro EV? 2024 Chevrolet Camaro ZL1 with Collector’s Edition Package (Source: Chevrolet) Chevy Camaro to live on as an affordable ($35K) EV Reuss recently confirmed the news, telling MotorTrend that the Camaro needs to make a comeback as a real pony car, but with electric power. That could become a reality.