article thumbnail

KBB: Average new vehicle transaction price in US in December up 1.9% from November; EV ATP dropped 5.5% due to Tesla

Green Car Congress

Earlier in the year, Tesla was increasing prices, citing supply issues. Sales volumes in December were up year-over-year by more than 5% but down from November, due in part to improved supply. Plus, with the new tax credits on the way, electric vehicle ATPs will drop lower for qualifying vehicles. over sticker price last month.

Price 210
article thumbnail

New EV policy to aid premium-quality SUV launches in India, says VinFast India CEO | Autocar Professional

Baua Electric

This higher import tax has been one of the major reasons that restricted some global car makers such as Tesla from launching in India. Like Tesla, VinFast has also been pushing for a tax concession on the import of electric cars to India.

India 52
article thumbnail

UK Car production slumps in July

EV Info

The dearth is not only putting pressure on carmakers but also on tech companies and the consumer electronics sector, which are also competing for supply. Toyota warned this month it was suspending output at 14 plants across Japan, slashing production by 40 per cent because of supply disruption including chip shortages. Big Picture.

article thumbnail

Over 200,000 Pure Electric Vehicles to hit UK roads in 2021

Drive Electric

Financial incentives for battery electric vehicles will remain, including a rate of just 1% Benefit in Kind (BIK) company car tax from April 2021 for a period of 12 months. Jaguar Land Rover may have challenges due to having no lower price EV models to sell; £70,000+ sales are hard to come by in tough economic times.

article thumbnail

Saft to Raise Approximately 120M to Fund Li-ion Plants in US

Green Car Congress

In addition to the DOE grants, this investment has been selected to benefit from additional subsidies and tax credits from both the City of Jacksonville and the State of Florida totalling up to $20.8 In addition, this investment has been selected to benefit from subsidies and tax grants from the State of Michigan of up to $148.5

Li-ion 170
article thumbnail

The redesigned federal EV tax credit and other EV-related measures

Charged EVs

The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. The revamped tax credit scheme is clearly a great improvement over its predecessor. Unpacking the Inflation Reduction Act.