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US updates EV tax credit rules, enabling more electric cars to be eligible

Baua Electric

Department of the Treasury and Internal Revenue Service (IRS) updated the EV tax credit rules today with new requirements that should enable more electric cars to become eligible. Currently, only 22 out of the 104 electric vehicles for sale in the US are eligible to the tax credit. Today, the U.S.

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Fisker scraps direct sales and turns to auto dealers for sales

Teslarati

Fisker is scrapping plans for direct sales to customers. The startup is now turning to auto dealerships for sales and services. IRA EV tax credits winning over more auto dealers in 2024 During CES 2024, Henrik Fisker told Automotive News that the electric vehicle (EV) manufacturer intends to sign with 50 car dealerships by the midyear.

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Hertz announces ‘strategic decision’ to slash EV fleet

Teslarati

The EVs that Hertz has put up for sale will “remain eligible for rental” until they ultimately sell. Hertz said that a portion of the proceeds from the sale will go into the purchase of combustion engine vehicles, which are being utilized at a higher demand. billion strategy to buy 100,000 EVs from Tesla in October 2021.

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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. The Ford EV SUV is eligible for the maximum $7,500 federal EV tax credit, plus any other state and local incentives in your area.

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Tesla selling Model 3 demo vehicles in inventory at a slight discount

Teslarati

On Saturday, multiple users spotted demo Model 3 units on Tesla’s inventory website in multiple markets, selling with a little over a thousand miles on the odometer and at discounts of hundreds of dollars compared to buying them new. The demo vehicles have appeared on Tesla’s inventory site in at least the U.S.

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Hertz now selling former Tesla rentals at bargain prices

Teslarati

As part of the Rent2Buy vehicle sales program on its website , Hertz has listed hundreds of its early Tesla rentals for sale at fairly low prices. What are your thoughts on buying a used Tesla Model 3 from Hertz for $17,700? At this time, the lowest price available is $20,200 for a 2021 Model 3 Standard Range Plus.

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Are Rising EV Inventories Proof Nobody Wants Them?

The Truth About Cars

While this is presumably good news for people who have absolutely had it with dealerships marking up their products, some are growing concerned by how much electric vehicle inventories are outpacing their gasoline-reliant counterparts. However, government incentives (EV tax credits) have made them more attractive in the general sense.