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The Chevy Equinox EV Won't Start At $30,000 After All

The Truth About Cars

Despite growing in number and popularity, EVs are still too expensive, and most are significantly pricier than comparable gas models. Even with government tax credits and other incentives, electric models are out of reach for many buyers, and the seemingly constant pricing fluctuations aren’t helping.

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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

That’s why it’s no surprise that the high sticker price of many electric vehicles, particularly Tesla models, has long been one of the main deterrents for people looking to buy a new car, truck, or SUV. Tesla’s electric vehicles are by far the most popular EVs in the country. Which brings us to Tesla.

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Five EVs that lease for under $300/month

Baua Electric

The Hyundai IONIQ 6 / Credit: Hyundai North America Last February there were nine EVs that leased for an average monthly cost of under $400 before tax and license. A fifth EV, one that leased for over $400/month back then, has plunged into the sub-$300 club after a $120/month cut in cost. Have EV leases bottomed yet?

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Nine EVs that lease for under $400/month: Ioniq 5, Solterra, Niro, Ioniq 6, more

Baua Electric

Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) There’s a loophole in the stricter IRA federal tax credit that only applies $3750 rebates on North American-built cars and separately $3750 on domestic batteries. For whatever reason, all EVs get the full $7500 applied to leases, however.

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Chevy cuts Equinox EV lease prices by nearly $140 per month

Baua Electric

If you were looking to lease Chevy’s new all-electric Equinox, it just got a lot cheaper. 2024 Chevy Equinox EV 3RS (Source: GM) Chevy Equinox EV lease prices drop to just $379/mo Previously, the RS trim had an effective cost of $651 per month ($569 for 39 months and $3,209 due at signing), meaning it’s $136 cheaper per month to lease.

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REE’s P7-C electric truck receives CARB credits, eligible for over $100k in incentives

Baua Electric

Since then, we’ve seen REE unveil two all-electric variants – a novel Class 3 box truck called the P7-B and an additional chassis cab called the P7-C (seen above). The post REE’s P7-C electric truck receives CARB credits, eligible for over $100k in incentives appeared first on Bauaelectric Auto News.

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President Obama announces $1B National Community Deployment Challenge to spur deployment of alternative-fuel vehicles; new purchasing incentives; new EV Everywhere research grand challenge

Green Car Congress

The President also announced a new research Clean Energy Grand Challenge—EV Everywhere—to make electric-powered vehicles as affordable and convenient as gasoline-powered vehicles for the average American family within a decade. Tax credits. National Community Deployment Challenge.