article thumbnail

Rivian (RIVN) stock gets a boost ahead of R2 launch with new buy rating

Baua Electric

Rivian stock scored a buy rating from Jefferies Finacial Group, suggesting over 45% upside potential. Rivian stock scores buy rating ahead of R2 reveal Rivian will reveal its more affordable R2 electric SUV at 10 am PT (1 pm ET) later today at its swanky new Laguna showroom. Meanwhile, there’s still plenty to be revealed later today.

Buy 52
article thumbnail

Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits. The post Ford reportedly eliminates lease-to-buy option on electric vehicles appeared first on TESLARATI. Ford confirmed to CarsDirect that its communication was legitimate.

Ford 98
article thumbnail

The US’ EV incentives are being updated: Here’s some useful tips

Teslarati

Some of the most significant incentives exist or will exist, in Colorado, Connecticut, Illinois, Delaware, and Maryland. Illinois has announced that they will be introducing a $4,000 tax incentive for new fully electric vehicles as of today (July 1st). What do you think of the article?

article thumbnail

Hertz’s EV sale to fan cost concerns, dampen used-car market – ET Auto

Baua Electric

“Mainstream consumers are already hesitant to buy an EV, and this news only supports their concerns.” German rental firm SIXT said on Tuesday it signed a multi-billion euro deal with Stellantis to buy up to a quarter of a million vehicles. The value of used EVs has dropped 33.7%

Auto 52
article thumbnail

Why EVs Aren't a Climate Change Panacea

Cars That Think

However, there has been public pushback over how to pay for the plan and its push to decrease personal driving by imposing a mileage tax. So, what happens if by 2030, the numbers are well below target, not only in Massachusetts, but other states like California, New York, or Illinois that also have aggressive GHG emission reduction targets?

article thumbnail

For fleet consumers, Ford Professional FinSimple is ‘one-stop store’

Baua Electric

FinSimple deals a industrial form of credit score for fleets of any dimension, automobile leasing and buying in addition to charging infrastructure for industrial EVs. For a trade, we want a tax go back, their steadiness sheet, vault account knowledge. It additionally introduced an insurance coverage product this occasion.

Store 52
article thumbnail

EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.