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EV Tax Credits Are Working—Cutting Them Now Would Be a Costly Mistake

Plug in America

If you already drive an EV, you might wonder, “Why all the fuss about EV tax credits?” Maybe you already took advantage of the federal tax credit or bought your EV without it because you care about tech, climate, or long-term savings. But here’s why those tax credits still matter—and why they’re worth defending.

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Canceled After All: VW Won't Bring the ID.7 to the U.S. Or Canada

The Truth About Cars

Buzz van recently hit the market here, though its high price will likely turn off many prospective buyers. Price was apparently a significant concern with the ID.7, 7, too, as dealers were skeptical that its expected $50,000 to $60,000 price tag would mean low sales volume. VW moved ID.4 Images: Volkswagen] Become aTTAC insider.

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Tesla stock: Morgan Stanley says eVTOL is calling Elon Musk for new chapter

Teslarati

Tesla and China, Robotics, Pricing Morgan Stanley’s note also discussed Tesla’s prowess in its various areas of expertise, how it will keep up with Chinese competitors, as there are several, and the race for affordable EVs in the country. .” version could be called “Humanoid Ninja Warrior.”

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Tesla Now Offers A Less Expensive Version of the New Model Y

The Truth About Cars

Now, the automaker is offering a regular Long Range All-Wheel Drive variant that comes at a significantly lower starting price. That said, its eligible for $7,500 in federal tax credits, lowering the starting price further to $41,490 before options. The Long Range Model Y offers a 4.6-second

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Smoothing the road for electric vehicles

Plug in America

Another reason to lease an EV is that some automakers are passing along the federal clean vehicle tax credit through leases. Last year, the average price of a used EV fell below the average price of a used gas vehicle. There is also a little-known federal tax credit of up to $4,000 for used EVs.

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Tesla Model 3 wins ‘most economical EV to own’ title in new study

Teslarati

Combining home charging, lower maintenance costs , and tax credits has all enabled consumers to consider EVs as a way to save money on their daily drivers. ” This version of the Model 3 had a price of just $3.75 Perhaps one of the biggest and most popular reasons people are switching to EVs is the cost savings.

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Tesla Model Y and Model 3 dominate U.S. EV sales despite headwinds

Teslarati

Tesla leads amid tax credit uncertainty and a tough first half Tesla’s performance in Q2 is notable given a series of hurdles earlier in the year. Analysts also expect a surge in Q3 as buyers rush to qualify for federal EV tax credits before they expire on October 1, Cox Automotive noted in a post.