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Why Tesla Model Y tax credit inclusion is good for some and bad for others

Teslarati

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.

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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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Kia EV9, Genesis EV prices cut with generous $7,500 discount offer

Baua Electric

Kia and Genesis are two of the latest to slash EV prices with generous deals. 2024 Kia EV9 (Source: Kia) Although Kia expects the EV9 will qualify for the $7,500 federal EV tax credit, it may not be until next year. Genesis is slashing EV prices with a $7,500 rebate of its own. And that’s for purchase, not a lease.

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Tesla brand consideration drops by 3% in Q4, but it doesn’t mean much

Teslarati

Brand loyalty studies performed by the publication have shown that CEO Elon Musk’s purchase of Twitter last year may have rubbed some consumers the wrong way. However, KBB believes Tesla will trend upward on the Q1 2023 consideration study as the company slashed prices in the U.S.

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Tips for purchasing a new EV amid a vehicle shortage

Plug in America

With record-setting gasoline prices across the nation, a record number of drivers are considering EVs. Searches for new plug-in hybrid and all-electric vehicles are at record levels, increasing exponentially since energy prices soared in March 2022. Global supply chain challenges continue to limit the production of new vehicles.

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The Best Electric SUVs on the Market

EV Life

Like their electric car cousins, all-electric SUVs have come a long way—batteries have evolved to increase range and improve performance, new motors are providing impressive torque and towing capabilities, and prices have come down to make options more affordable, making these SUVs some of the most attractive sport utility options out there.

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Feature: Top 6 Reasons Why an EV Is the Right Choice

Clean Fleet Report

One of the reasons behind the drastic increase in sales was the more affordable price range of the Tesla Model 3, a best-seller in the U.S., Constant price fluctuations power the fuel market. Car dealerships will advise you on the frequency of maintenance needed at the time of purchase. Europe and China. Zero Carbon Emissions.