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Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit

Green Car Congress

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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DOE publishes list of EVs eligible for new tax credit

Teslarati

Department of Energy’s Alternative Fuels Data (DOE) published a list of electric vehicles that are immediately available for the new $7,500 EV tax credit. Under the new law, only EVs assembled in North America qualify for the credits. Under the new law, the manufacturer’s sales cap is lifted.

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The EV Tax Credit: Buy Now or Wait Until 2024?

EV Life

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Upgraded Tesla Model 3 Long Range Dual Motor AWD gets minor price increase

Teslarati

Just weeks after its initial release in North America, the upgraded Tesla Model 3 Long Range Dual Motor All wheel Drive (AWD) has seen a minor price increase. The upgraded Tesla Model 3 is currently available in two variants. The Model 3 sedan and Model Y crossover comprise the lion’s share of Tesla’s global sales.

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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

The promotional financing can be used on loan terms ranging from 36 to 72 months, and it’s available on all three Model Y trim options. The move comes as high interest rates have been a headwind for the auto industry over the past few years, and as electric vehicle (EV) sales have been slowing this year. What are your thoughts?

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Tesla has cut the price of the Model Y for a limited time

Teslarati

Tesla has reduced the price of the Model Y on its website, noting that the discount will only be available for the remainder of this month. can also get access to a $7,500 federal tax credit , and unlike in past years, the money becomes instantly available upon purchase. Buyers in the U.S.

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

Green Car Congress

On Tuesday, the EV Index score was 47 (based on the most recent available data from November 2022), with some categories improving and others declining during the 12-month pilot period. The EV Index score and accompanying analysis will be available monthly. Availability. Affordability. Infrastructure.

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