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General Motors sidesteps loss of EV tax credit to offer big discounts for customers

Teslarati

General Motors is sidestepping the loss of the electric vehicle tax credit on its vehicles and will still offer a big $7,500 discount on cars for customers. In December, GM said it would temporarily lose eligibility for the credit on some of its cars. can qualify for EV tax credits. Now, just 19 EVs in the U.S.

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GM Will Discount Models Not Currently Eligible for $7,500 Tax Credit

The Truth About Cars

The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. The Detroit Free Press reported that GM will give discounts while awaiting updates to requalify some models. 1, 2024, because of two minor components.

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Biden attends the Detroit auto show to further promote EVs

Setec Powerr

President Joe Biden (Joe Biden) attended the Detroit Auto Show on Sept. At this year’s auto show, Detroit’s three largest car companies will showcase a variety of electric vehicles. At this year’s auto show, Detroit’s three largest car companies will showcase a variety of electric vehicles. In the U.S.

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Ford launches program for Tesla owners to get F-150 Lightning discount

Teslarati

According to reports from Ford Authority , the Detroit-based automaker is launching a new program called Tesla Competitive Conquest Bonus Cash, which gives existing Tesla owners $1,500 off the price of a new F-150 Lightning, regardless of the trim ordered. It can also be paired with other incentives, like Retail Bonus Cash, for example.

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Daimler Trucks to Invest $194M in Detroit Diesel Engine Plant in US

Green Car Congress

Daimler Trucks North America (DTNA) will invest $194 million (approximately €157 million) in the Detroit Diesel engine production facility in Redford, Michigan to expand substantially the heavy-duty BlueTec diesel engine production capacity. A big part of the investment will be spent on cylinder head production.

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Ford Mustang Mach-E captures KBB’s EV Best Buy of 2022

Teslarati

.” (Credit: Ford). Ford’s traditional signature vehicle has never broken away from its typical sporty build until the Detroit-based automaker decided to go in a different direction for the electrified version. The Ford Mustang Mach-E is not your typical Mustang. Both will be available next year, Ford says.

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Electric vehicles are inflation relief

Electric Auto Association

Let's build a scenario Let's say you want to purchase a 2023 Chevy Bolt in Texas. In addition, EVs have far lower maintenance costs and incentive programs via tax credits, meaning that they are even less expensive to own in the long run. Austin Energy (Austin, TX) DTE Energy (Detroit, MI) Duquesne Light Co.

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