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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. Power EV Index score for availability climbed sharply to 39.4 (on Power EV Index.

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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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Ford re-opens order books for Mach-E; higher range, lower pricing; all standard range models with LFP packs

Green Car Congress

All standard range models will now be powered by lithium iron phosphate (LFP) batteries. In addition to increased targeted range and power, standard range models can now charge to 100% more frequently via AC home charging. Updated Pricing The above reflects MSRP as of 2 May 2023. Earlier post.)

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Tesla Touts Tax Credits & Price Cuts

CleanTechnica EVs

Tesla has juggled its prices once again, lowering the price of the Model 3 RWD by $1,000 and the Model Y by $2,000. It has also added a RWD version of the Model Y for North America.

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Volkswagen upgrades the 2024 ID.4 EV with more performance, power and technology

Green Car Congress

This increase in power helps to boost acceleration and is anticipated to deliver enhanced range; EPA-estimated ranges for the 2024 ID.4 Pricing for the 2024 ID.4 4 models are eligible for the full potential Federal Tax Credit of up to $7,500. The driving force behind major upgrades to 2024 ID.4 While 62 kWh ID.4 The 2023 ID.4

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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

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How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024. The Clean Vehicle Tax Credit for new EVs is worth up to $7,500 and the Previously Owned Clean Vehicle Tax Credit is worth up to $4,000. Here’s what you need to know.