Remove Auto Industry Remove Electric Vehicles Remove Tax Remove Tax Credit
article thumbnail

Dealers Finally Have EV Inventory But Now Lack Buyers

The Truth About Cars

We’ve been hearing about the rise of electric vehicles for years, but while they are growing rapidly in number, there’s still a disconnect between an auto industry hell-bent on electrification and the desires of the people they rely on to buy new cars.

Dealers 98
article thumbnail

Tesla led the EV market closer to ICE price parity in 2023: Cox

Teslarati

Sticker prices on electric vehicles (EVs) continued to trend downward in 2023 toward price parity with gas cars, as led by price cuts from market leader Tesla. Credit: Cox Automotive IRA EV tax credits winning over more auto dealers in 2024 What are your thoughts?

Price 118
article thumbnail

Rivian cuts prices on its base R1T and R1S ahead of R2 launch

Teslarati

The base model Rivian R1T and R1S now start at $71,700 and $76,700, respectively, including shipping but before a $3,750 federal tax credit—though buyers can also access the full $7,500 if leasing. “Like every electric vehicle producer with a U.S. “Like every electric vehicle producer with a U.S.

Price 95
article thumbnail

LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. Hyundai Motor Group is focusing on its electrification efforts to secure a leadership position in the global auto industry. billion in electric vehicle production.

article thumbnail

Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. So, if someone ordered a Volkswagen ID.4

article thumbnail

Tesla bull calls battery cost declines “good deflation” that could boost EV sales

Teslarati

Battery cost declines could decrease EV production costs and improve range, which may boost electric vehicle sales in the long run. An increase in electric vehicle sales could lead to growth in the EV market. However, the used car market for EVs seems to be growing.

Sale 145
article thumbnail

Was the Jeep Wrangler 4xe 2021’s 3rd Highest-Selling EV in the US?

EV Adoption

Only available in the US beginning in March of 2021, the hot-selling Jeep Wrangler 4xe plug-in hybrid electric vehicle (PHEV) was apparently the top-selling PHEV in the US last year. Auto Industry Analyst. I can’t tell you our exact number but if they beat RAV it was very narrow. Flip a coin.

Jeep 98