Remove Maryland Remove Price Remove Tax Credit Remove Tesla
article thumbnail

Oregon’s EV incentive program that brought Tesla prices below $30k is running out of money

Teslarati

Oregon’s electric vehicle incentive program that was widely publicized for bringing the price of a Tesla Model 3 well below $30,000 is being suspended for a year starting in May because it is running out of money. According to Fox Business , Oregon expects 1.5 million people to be driving EVs in the state by 2035.

Oregon 96
article thumbnail

Colorado approves goal to make 82% of car sales electric by 2032

Teslarati

While the Colorado standard falls short of requiring 100 percent of new car sales to be electric by 2035, as adopted in California , Maryland and a number of other U.S. Earlier this year, Colorado voted to approve new EV tax incentives on EVs that offer up to $5,000 off on select purchases, which can be used alongside the federal tax credit.

Colorado 118
article thumbnail

Mercedes-Benz B-Class Electric Drive priced at $41,450 for US; 85-mile range

Green Car Congress

The Mercedes-Benz MY14 B-Class Electric Drive ( earlier post )—the first electric offering for the brand in the United States—is priced at $41,450, excluding $925 destination and delivery. Customers may be eligible for federal tax credits (which run up to $7,500) or state/local tax credits.

Mercedes 291
article thumbnail

Electric Vehicle Adoption Divide Mapped

The Truth About Cars

Those states are California, Colorado, Massachusetts, Washington, Oregon and Maryland. Four of those 10 — California, Colorado, Massachusetts and Maryland — are among the states with the highest EV adoption rates. They've got pricing power right now." "To Ten states have incentives on top of federal spiffs, according to J.D.

article thumbnail

Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

With used vehicles selling at prices sometimes as much as or higher than brand new models due to parts shortages and semiconductor constraints, Ford may be looking to take used EVs and make another profit on them after an initial lease is up. .” ” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits.

Ford 98
article thumbnail

2016 Hyundai Sonata Plug-In Hybrid coming to market with EPA-estimated 27-mile electric range; starts at $34,600

Green Car Congress

Pricing (without factoring in incentives) starts at $34,600 for the base model and $38,600 for the Sonata Plug-in Hybrid Limited model. coefficient of drag ties with the Tesla Model S. Sonata Plug-in Hybrid buyers will be eligible for a $4,919 federal tax credit. Sonata Plug-in Hybrid’s 9.8

Plug-in 150
article thumbnail

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.

Hyundai 52