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Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. For example, an average plug-in hybrid vehicle with a battery capacity of 16 kWh would be eligible for the maximum tax credit of $7,500. Source: CBO. Click to enlarge.

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What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars. One particular reason behind the lack of sales for vehicles like the GMC Hummer EV SUV and the Hyundai Ioniq 5 may be their ineligibility for the Inflation Reduction Act’s (IRA) federal tax credits.

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Audi slashes EV interest rates, but Tesla Y can cost a lot less

Baua Electric

A recent dealer bulletin showed 0.99% financing on all 2024 Audi EVs for up to 60 months, compared to rates of 2.99% to 6.49% for most of the brand’s other models. With the tax credit factored in, CarsDirect estimates a $680 monthly payment for a 60-month financing term on a Tesla Model Y Long Range AWD.

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Cadillac ELR EREV goes on sale in January, starting price $75,995

Green Car Congress

The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. Base price of a 60 kWh Tesla Model S—without Federal tax incentive, but with destination fee—is $71,070.) gasoline-powered electric generator. 2014 Cadillac ELR. A T-shaped, 16.5

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Hyundai Brand News for 2024 and 2025

Clean Fleet Report

Scheduled to be in dealers in fall 2024, it will be eligible for a $3,750 U.S. tax credit at start of sale. If leasing, all Ioniq 5 models qualify for the $7,500 credit that Hyundai passes on to consumers. The XRT joins the Ioniq 5 N performance EV, creatomg a third Ioniq 5 variant.

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2016 Audi A3 Sportback e-tron PHEV starting at $37,900 in US

Green Car Congress

Purchasing customers may qualify for applicable state and federal incentives and tax credits. Audi expects the PHEV to qualify for a federal tax credit of $4,168. Prices above exclude destination charges ($925), taxes, title, optional equipment, and dealer charges. Dealer sets actual price.

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