The Truth About Cars

AUGUST 26, 2024

The rules around federal EV tax credits changed at the beginning of this year, making it more difficult for vehicles to qualify. Even so, buyers can get around the rules by leasing an EV, which opens the door to the full $7,500 credit regardless of the model. are leased. Financed EVs declined to 34.7

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Baua Electric

AUGUST 8, 2024

Here’s when we can expect to see Kia’s new affordable EV in the US. The EV3 was introduced alongside the EV4 and EV5 as part of the brand’s new affordable electric car lineup. After reports surfaced that Kia would build the affordable EV in Mexico and export it to the US, it looks like they are turning out to be true.

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Teslarati

FEBRUARY 28, 2024

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. Hyundai shared that its focus on affordable and compact electric vehicles helped its EV sales in the United States. Hyundai Motor Group is investing $7.59 billion in HMGMA.

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Plug in America

DECEMBER 21, 2023

Clean Vehicle Tax Credits Clean vehicle tax credits kicked into high gear in 2023. New federal EV tax credits were expanded and updated, and credits for used and commercial EVs became available for the first time in January. We also provided feedback from EV drivers (Thanks to you!)

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Plugs and Cars

DECEMBER 8, 2010

From Plug In America: Last year, Plug In America, along with electric vehicle and EV infrastructure manufacturers from coast to coast, worked with members of the House and Senate to get a critical plug-in vehicle infrastructure tax credit into the stimulus bill. And then you helped us get it passed!

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Teslarati

FEBRUARY 5, 2024

Just weeks after its initial release in North America, the upgraded Tesla Model 3 Long Range Dual Motor All wheel Drive (AWD) has seen a minor price increase. That is, at least, unless one takes into account federal tax credits in the United States. Previously, the vehicle was priced at $45,990 before options.

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Baua Electric

JUNE 24, 2024

The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. billion Hyundai Motor Group Metaplant America (HMGMA) in Georgia is expected to be up and running by the end of the year. After a record 2023, Hyundai and Kia are not slowing down this year.

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Teslarati

AUGUST 5, 2022

4 will be the third most affordable electric vehicle offering in the United States, but the German automaker will nerf performance to reach the price point. The vehicle will now have a starting price of $37,495 instead of $39,995 and, with federal tax credits, will be just under a $30,000 vehicle at the base model.

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Green Car Congress

JANUARY 18, 2023

Affordability. This factor measures the total cost of ownership of an EV compared with the ICE segment average (after tax credits, rebates, incentives, operating costs and residual values—for both purchase and lease transactions).

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Teslarati

OCTOBER 24, 2023

LG Energy Solution (LGES) recently announced that its battery facility in Arizona will become a key production hub for 46-series cylindrical cells in North America. The Korean battery supplier’s operating profit included the estimated IRA tax credit amount of KRW 215.5 billion with a margin of 6.3%.

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Teslarati

JULY 16, 2024

Hyundai Metaplant America to boost its EV sales in the US Besides the 3-row IONIQ EV, Hyundai included the IONIQ 5N EV in its 2025 model year lineup. The IONIQ 5 will be the first EV the South Korean automaker produces in its Hyundai Group Metaplant America (HMGMA) factory in Bryan County, Georgia.

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The Truth About Cars

DECEMBER 28, 2023

That said, the company is owned, in part, by the Chinese government, making it unclear if anything related to JAC will make its way to North America. While Chinese brands and obscure battery chemistries may never become mainstream in America, this type of movement in the industry is what’s needed to drive adoption to the tipping point.

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Baua Electric

FEBRUARY 28, 2024

However, Jacobson said GM is “mindful” of the growing need for affordable EVs. By streamlining the Bolt with its Ultium-based models and adding LFP batteries (the first Ultium EV in North America), GM’s financial leader said the model will help GM achieve a positive variable profit by the second half of the year.

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Teslarati

NOVEMBER 9, 2023

Many automakers are attempting to offer EVs that are widely affordable and will not break the bank for those who are interested. a more affordable EV option for consumers will perhaps help to surge sales and demand. Some EVs have only qualified for half of that amount because they are not completely assembled in North America.

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Baua Electric

OCTOBER 25, 2024

Is Hyundai bringing its most affordable EV to the US? After opening pre-orders for its smallest and most affordable in July, starting at just $23,000 (31.5 After unveiling the new EV, Hyundai said it would first launch in Korea, followed by Europe, the Middle East, and Asia Pacific “in due course,” but it did not mention North America.

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Teslarati

APRIL 14, 2024

While the press release didn’t disclose how much the department paid for the Model Y units, the most affordable inventory Model Y on Tesla’s website in the Anaheim area is selling for $41,390 before tax credits. Many police departments across the U.S. (

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Baua Electric

OCTOBER 3, 2024

“When we launched LEAF in 2010, it instantly became the most affordable, mass-market EV in the world,” Nissan Motor North America CEO Jose Munoz previously claimed. Starting at $28,140, the Nissan LEAF is, in fact, America’s cheapest EV right now. You can also see deals on the Nissan Ariya here.

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Electric Auto Association

SEPTEMBER 9, 2022

EV provisions The legislation creates a new and used EV tax credit, extending the tax credit on some new EVs to 2032 while shifting tax incentives to more affordable models that are manufactured in North America. This will support millions more low- and middle-income families than the original credit.

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Baua Electric

AUGUST 19, 2024

“In two short years, Genesis’ retail footprint has grown rapidly from one dedicated retail facility in Louisiana to 56 retail facilities nationwide,” Genesis North America COO Claudia Marquez said. Hyundai Motor and its suppliers are investing heavily in the US, its largest sales market (North America). Hyundai invested around $7.6

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Blink Charging

DECEMBER 19, 2023

Specifically, BlueLA powered by Blink Mobility prioritizes affordable EV car sharing in cities, while Envoy concentrates on offering sharing services as an amenity in apartments, hotels, and workplaces. Like the tax credit for new EVs, the used EV tax credit included an AGI cap and must be sold by a licensed dealer.

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Baua Electric

SEPTEMBER 4, 2024

Hyundai IONIQ 5 drives record US August sales “This was a record-setting August for Hyundai in total and retail sales,” Hyundai America CEO Randy Parker announced Wednesday. It will be the first Hyundai built at its massive new Metaplant America facility in Georgia. The 2024 IONIQ 5 SEL is offered with up to $14,500 in incentives.

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Baua Electric

JUNE 17, 2024

The comments come as construction on the Hyundai Motor Group Metaplant America (HMGMA) is expected to be complete in Q4 2024. Once assembly begins, Hyundai expects EVs built at the facility to qualify for the $7,500 federal tax credit, giving the automaker even more momentum. billion in investments in the state.

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Baua Electric

JANUARY 25, 2024

The company saw solid sales growth across key markets, including North America, Europe, and India. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit. Starting at $33,000, the 2024 Kona EV is one of the most affordable electric cars on the market.

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Baua Electric

JULY 23, 2024

GM said stronger pickup and SUV sales in North America fueled the earnings growth. GM calls the electric SUV a “game changer” with over 300 miles range, a tech-loaded interior, and an affordable starting price. GM claims the Equinox is the “most affordable” EV with over 315 miles range.

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Baua Electric

SEPTEMBER 5, 2024

Hyundai’s electric vehicles are becoming more affordable in Korea. According to Hyundai, some specifications have been “slimmed down” to enable more affordable prices. billion Metaplant America (HMGMA) will open its doors later this year. But then again, Hyundai already has some of the most affordable EVs on the market.

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Green Car Congress

MARCH 31, 2009

In response to the Presidential Auto Task Force Report that concluded that the plug-in Chevrolet Volt was unlikely to be commercially successful in the short-term due to its cost ( earlier post ), Plug In America is proposing a plan to make GM’s Chevy Volt and other plug-in cars more affordable. and was a co-founder of Plug In America.

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Baua Electric

JUNE 3, 2024

Hyundai Motor America sold a record number of IONIQ 5 models in May as EV sales continue trending higher. In an exclusive interview with Electrek last month, Hyundai America CEO Randy Parker said the automaker is “humble and hungry” to separate itself from EV rivals. Hyundai IONIQ 6 sales are also up 188% YOY through May.

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Baua Electric

JULY 2, 2024

The Hyundai IONIQ 5 and IONIQ 6 both set new Q2 sales records as demand for long-range EVs at an affordable price continues to climb in the US. Hyundai Motor America CEO Randy Parker said the strong demand for the IONIQ 5 helped drive growth in Q2. Hyundai has six of the top ten most fuel-efficient EVs in the US this year by trim.

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Baua Electric

JUNE 10, 2024

Hyundai and Kia have been on a roll with some of the most affordable, fuel-efficient electric cars in the US. Offering over 300 miles range, fast charging in under 20 mins, and an affordable price tag, the Korean automakers are making their presence known in the US. So far, it seems to be working.

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Baua Electric

SEPTEMBER 26, 2024

More affordable EVs are coming Hyundai claims its new method can boost production efficiency while driving lower costs compared to current processes. However, Hyundai and Kia are planning to launch even more affordable EVs. Hyundai is opening its massive Metaplant America in Georgia this fall, enabling US-built electric models.

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Teslarati

SEPTEMBER 4, 2022

The research directly contradicts and challenges a statement by Jack Hollis, the executive vice president of sales at Toyota Motor North America. And even if you were ready to purchase one, and if you could afford it … they’re still too high,” Hollis said. Everyone thought the EV tax credit was dead and done.

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Baua Electric

OCTOBER 18, 2024

As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place.

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Baua Electric

OCTOBER 17, 2024

Hyundai’s cheapest EV is now even more affordable in Korea. Although previously, it could be purchased for as little as $14,500 (20 million won) with government subsidies, Hyundai’s Casper electric is now even more affordable with a new Premium trim. The Casper Electric gained a new Premium trim starting at $20,000 (27.4 million won).

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Baua Electric

JULY 23, 2024

GM said stronger pickup and SUV sales in North America fueled the earnings growth. GM calls the electric SUV a “game changer” with over 300 miles range, a tech-loaded interior, and an affordable starting price. GM claims the Equinox is the “most affordable” EV with over 315 miles range.

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Baua Electric

APRIL 1, 2024

The deal reportedly being discussed would bring that partnership to North America in the form of a joint battery plant located in either the U.S. ” 2024 GMC Sierra EV Denali Edition 1 Ford announced its joint-venture battery plant with CATL in February of last year, touting it a key to EV affordability. car manufacturing.”

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Green Car Congress

MAY 20, 2021

The commercial-oriented entry model starts at $39,974 MSRP before any federal or state tax credits, while the mid-series XLT model starts at $52,974 MSRP, offering additional comfort and technology. —Kumar Galhotra, Ford president, Americas and International Markets Group, Ford Motor Company.

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Baua Electric

OCTOBER 28, 2024

It will be built alongside Hyundai’s updated 2025 IONIQ 5 at its new Metaplant America in Georgia. Hyundai IONIQ 9 spotted ahead of November debut (Source: ShortsCar) New EVs built at the facility will initially qualify for a partial $3,750 tax credit. More expensive trims could cost upwards of $75,000 to $80,000.

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