article thumbnail

Mexico Won't Offer EV Incentives to Chinese Automakers

The Truth About Cars

Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. BYD, one of the largest, said it plans to greatly expand its sales operations in Mexico with dozens of dealerships by the decade’s end. It noted that the U.S. The pressure coming from U.S.

Mexico 97
article thumbnail

EVs reach 90% market share in Norway as the overall auto market falters – Charged EVs

Baua Electric

Some years ago, the government set a goal of 100% electric sales by 2025, and that goal is well within sight. Battery EVs took a 90% share, as recent tax changes make PHEVs less appealing. Its sales were about equal to those of the next 7 models combined. The days of ICE vehicles in Norway are numbered. year-on-year.

Norway 52
article thumbnail

BMW is Willing to Pay to Attract Customers from Other EV Brands

The Truth About Cars

That said, BMW’s EVs are not cheap, so the incentives should be a welcome move for hopeful buyers. While not currently eligible for federal tax credits, BMW’s EVs can be leased to receive the $7,500 discount others get. Cars Direct noted that the iX also comes with a significant discount of up to $9,900 in lease cash.

BMW 86
article thumbnail

Tesla Model 3s from Hertz are going for as low as $14,000

Baua Electric

Hertz is starting to sell some of its Tesla Model 3s and they are going for pretty cheap – as low as $14,000 with the used EV tax credit. In the US, there’s $4,000 tax credit for used EVs. It might be your best chance to get a cheap Tesla. More recently, the company added Model Y vehicles to the order.

article thumbnail

You can lease a Toyota bZ4X for next to nothing right now

Baua Electric

4% of Toyota’s total US sales, and much less than the number of EV sales from much smaller companies. Part of the reason for these lease offers is due to the Inflation Reduction Act’s EV tax credit, which is also available (and in fact, even easier to get ) on a lease. FTC: We use income earning auto affiliate links.

Toyota 52
article thumbnail

Are 100-mile BMW, Nissan, VW electric cars already a lost cause?

Green Car Reports

The continuing tepid sales of the Nissan Leaf electric car, despite a range upgrade to 107 miles, remains one of the puzzles in the plug-in car market. Sure, it's an aging model now in its sixth year with a polarizing design; it lost a huge swath of buyers in Georgia when that state canceled its electric-car tax credit; and gas is cheap.

Nissan 108
article thumbnail

Honda looks to build a $14 billion EV and battery plant in Canada

Baua Electric

After calling off beats with GM to “beat out Tesla” with a cheap SUV, it has now emerged with news that it is mulling over a $14 billion EV and battery plant in Canada. Of course, batteries coming from Canada with materials found in Canada will also help vehicles qualify for the US’s federal EV tax incentives.

Canada 52