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Is A Tax On Electricity (kWh) Consumed The Best Way to Supplement the Fuel Tax for Electric Vehicles?

EV Adoption

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.

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Ford Mustang Mach-E captures KBB’s EV Best Buy of 2022

Teslarati

Ford has captured a tremendous accolade with the Mustang Mach-E after Kelley Blue Book announced that the all-electric crossover is the Electric Vehicle Best Buy for 2022. Its SUV-leaning shape and fresh attitude also contribute to the Mach-E’s value to both Ford and to the emerging EV landscape.” ” (Credit: Ford).

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Tesla’s newest lineup trims ‘highly volume additive’ on path to 2M annual build rate

Teslarati

” 3/ We expect M-3 LR AWD to quickly become M-3’s best selling trim, since many buyers will not buy a $40K+ car with RWD and M-3 Perf was priced at $53,240. After all, more range for $6,000 less, before the EV tax credit, is an ideal situation financially. M-Y LR AWD is by far the best selling M-Y trim.

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Kia EV3 sales top 4,000 in its first month on the market

Baua Electric

In its first full sales month, the company sold just over 4,000 EV3 models as the electric SUV hits new markets. The compact electric SUV was showcased alongside other affordable EV concepts, including the EV4 and EV5. Kia is also expected to build the EV3 in Mexico to take advantage of the US tax credit. million).

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Hyundai fast-tracks start of EV production in the US as it gains recognition with its own day

Baua Electric

The automaker now expects to begin building electric cars in the US in the fourth quarter of 2024, with the grand opening in the first quarter of next year. Hyundai initially planned to begin production early next year, but the automaker is plowing ahead with the $7,500 federal tax credit on the line.

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

Teslarati

After Rivian added two new range options for the R1T and R1S last week, the electric truck and SUV maker has also cut prices on some of its lineup. “Price continues to be a leading factor in why people don’t buy EVs, so anything Rivian can do to lower that barrier is a good idea.”

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Hyundai undercuts Tesla Model 3 by $9,300 with 2024 IONIQ 6 special cash offer

Baua Electric

With a new special cash offer, the 2024 Hyundai IONIQ 6 can be significantly cheaper to buy than the upgraded Tesla Model 3 Highand. That’s to buy, not for a lease like previous deals. It’s essentially like receiving the full EV tax credit with a new purchase. Hyundai is offering a $7,500 purchase incentive on the 2024 IONIQ 6.

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