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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. The data shows that the average sticker price of a Tesla dropped throughout the year to reach $50,051 in December.

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

Teslarati

Longtime Tesla bull ARK invest recently identified battery cost declines as a form of “good deflation” that could lead to a boost in EV sales. In contrast to “good deflation,” ARK also identified an example of “bad deflation” in the auto industry, specifically in the used car market.

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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. Not unlike Rivian’s price cuts, Tesla has also temporarily cut prices on its Model Y for the remainder of this month.

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

Teslarati

Tesla supplier LGES to quadruple investment in Arizona battery plant to $5.5 The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. The companies plan to invest over $4.3 billion in the battery facility.

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

EV Adoption

Auto Industry Analyst. And while Tesla does not report its US vehicle sales (which it calls “deliveries”), we have high confidence that the Model Y and Model 3 had 2021 sales in the 160,000 to 190,000 and 120,000 to 150,000 range respectively. I can’t tell you our exact number but if they beat RAV it was very narrow.

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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. Which Electric Vehicles Still Qualify for the Tax Credit?

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Tesla sales, VW tech, electric Harley-Davidson: Today's Car News

Green Car Reports

With final sales reports out from the whole auto industry, we built some context around Tesla's end-of-the-year sales numbers. The Model 3 is setting the pace among luxury cars. Volkswagen buys wireless tech from Volvo. And our.

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