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Used PHEV prices rose ahead of $4,000 tax credit eligibility

Green Car Reports

In the months even before we knew some used plug-in hybrids would be eligible for a $4,000 used EV tax credit, market interest in plug-in hybrids was on the rise, according to a recent pricing analysis.

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Ford to increase production of Mustang Mach-E in 2023, cut prices across the board

Green Car Congress

With its new EV supply chain coming online, Ford says it is significantly increasing production of the Mustang Mach-E this year to help reduce customer wait times and to take advantage of streamlined costs to reduce prices across the board, making Mustang Mach-E even more accessible to customers and keeping it competitive in the marketplace.

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Chevy Bolt EV discount, Toyota tax-credit phaseout, EV market collapse: Today’s Car News

Green Car Reports

Toyota likely hit the ceiling for the EV tax credit. Is the EV market on the verge of collapse over price pressures? Retroactive discounts apply to the Chevrolet Bolt EV and EUV. Electric trucks could pull off the majority of fleet uses today at a cost advantage. This and more, here at Green Car Reports.

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EIA: State tax rates for retail gasoline and diesel increased in 13 states in 2023

Green Car Congress

In January 2023, state taxes and fees on gasoline and diesel fuel averaged $0.3163 per gallon (gal) of gasoline and $0.3388/gal of diesel fuel, according to the US Energy Information Administration (EIA). These taxes have increased in 13 states since July 2022. gal), although that low tax rate will gradually increase through May 2023.

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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. Total EV market share has now reached 8.5%, nearly double the share of a year ago.

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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain.

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Tesla led the EV market closer to ICE price parity in 2023: Cox

Teslarati

Sticker prices on electric vehicles (EVs) continued to trend downward in 2023 toward price parity with gas cars, as led by price cuts from market leader Tesla. The data shows that the average sticker price of a Tesla dropped throughout the year to reach $50,051 in December.

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