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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

However, these annual costs don’t take into account the purchase cost of the vehicle itself and are purely the ‘running’ costs annually. When the purchase cost of each type of vehicle is factored in, average gasoline vehicles are $1,454 per year cheaper to run.

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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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Pencil-Necked Finance Dweebs Suggest Anyone Making Six-Figures Should Only Buy a $15,000 Car

The Truth About Cars

per month (about 10 cents per mile). percent interest with 20 percent down, Investopedia suggests a total purchase price for your shiny new car – including taxes and whatever other fees a dealer feels like charging that day – at just $16,687. Simple math leaves is with $330.50 for a car payment. Don’t take the TruCoat.

Financing 101
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Tesla ups the stakes on its Referral Program

Teslarati

Tesla has upped the stakes on its Referral Program, offering new benefits for convincing a friend or family member to buy one of its all-electric cars. When someone uses your referral code and buys a Model S/X/Y they will now receive 1 year of free premium connectivity, in addition to 3 free months of FSD. ” It costs $9.99

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How Does the Electric Car Tax Credit Work in 2023?

Setec Powerr

One such incentive is the electric car tax credit, designed to help offset the initial cost of EVs for buyers. Section 1: Overview of the Electric Car Tax Credit in 2023 1.1 In 2023, the tax credit remains available for eligible new electric vehicles but has undergone some changes compared to previous years.

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Tips for purchasing a new EV amid a vehicle shortage

Plug in America

If you are open to colors and options and want your EV sooner, a good dealership will keep your information and notify you when a unit is available for purchase. . Our sister site, PlugStar , lists all available vehicles for purchase or order in one place. In a tight market, they provide a solution to skyrocketing energy costs. .

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Tesla $7,500 credit up front, Toyota affordable EVs, Ram electric vans: Today’s Car News

Baua Electric

And Tesla buyers can now get the $7,500 EV tax credit up front—if they qualify. Tesla has started applying the EV tax credit at the time of purchase —via its own website and affecting the up-front amount buyers will need to pay when buying a new Tesla. Ram introduces a lineup of electric vans.