The Truth About Cars

FEBRUARY 12, 2024

The Tesla Model Y is the world’s best-selling electric vehicle, but that hasn’t stopped the automaker from exploring new ways to boost buyer interest. Though it’s eligible for federal tax credits, Tesla is temporarily decreasing pricing on the SUV, dropping it to $42,990 for the base model and $47,990 for the Long Range model.

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The Truth About Cars

SEPTEMBER 11, 2024

“I know that we are close, but close is not good enough,” Filosa told Automotive News. Jeep plans to manufacture the Wagoneer S in Mexico, opening it to federal tax credit eligibility, helping put a dent in its almost $72,000 starting price. Images: Jeep] Become a TTAC insider.

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The Truth About Cars

MARCH 8, 2024

4 range, it remains the only European EV that qualifies for federal tax credits in the United States. VW started building the SUV in Tennessee and sources batteries from SK On, giving the vehicle full access to the $7,500 credit. The new model is also expected to qualify. 4 one of the most affordable EVs on sale today.

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The Truth About Cars

AUGUST 23, 2023

Mitsubishi recently announced that it would discontinue the Mirage, removing one of America’s few remaining affordable new cars. As Automotive News pointed out, the shift is likely tied to Kia’s electrification ambitions. Kia is now cutting another sub-$20,000 option with its announcement of the Rio’s demise after 2023.

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The Truth About Cars

MAY 24, 2024

Now, the automaker is offering a zero-percent APR for qualified customers, making the vehicle even more affordable. A zero-percent interest rate will likely improve its fortunes, though it’s not eligible for federal tax credits as of the time of this article. Images: Ford] Become a& TTAC& insider.

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The Truth About Cars

FEBRUARY 14, 2024

Tesla made news on several occasions last year for cutting prices on the Model 3 sedan, but the automaker appears to have reversed course with the introduction of the car’s 2024 refresh. There are very few electric models anyone could consider affordable, and some are remarkably more expensive than comparable gas models.

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The Truth About Cars

APRIL 24, 2024

Full Self-Driving recently dropped to $8,000 or $99 per month, but that’s still a significant upcharge on the automaker’s more affordable vehicles. The recently updated Model 3 lost tax credit eligibility in lower configurations, but the fresh Performance variant qualifies.

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The Truth About Cars

APRIL 5, 2024

The Tesla Model Y, the best-selling EV in the world, is now more affordable than ever as the automaker looks to clear existing inventory with deep discounts. It’s also eligible for federal tax credits, which makes it an even more compelling option. Image: Toyota] Become a& TTAC insider.

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The Truth About Cars

OCTOBER 10, 2024

It’s also worth noting that these incentives would be on top of state and federal tax credits and other offers. The F-150 Lightning has some compelling features, but it has never reached the affordable price point Ford promised before its release. Images: Ford, ©2024 Tim Healey/TTAC.com] Become a TTAC insider.

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The Truth About Cars

APRIL 23, 2024

Rivian sells two compelling EVs that have garnered a good deal of happy customers, but they’re far from affordable. At around $70,000 to start, the brand’s R1T pickup and R1S SUV are out of reach for most buyers, even after the $3,750 federal tax credits for some models. Image: Rivian] Become a& TTAC& insider.

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The Truth About Cars

JANUARY 30, 2024

The Volvo EX30 promises to be one of the most affordable new EVs on the market, but it’s not quite ready for primetime. The good news for American buyers is that Volvo should have had time to fix the hiccups before its release here. Software version 1.2 does not yet meet all the requirements necessary to be released.”

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The Truth About Cars

AUGUST 26, 2024

The Optiq will qualify for a $7,500 federal tax credit, as it will be built at a General Motors facility in Mexico. Cadillac will release the more expensive trims first, followed later by the Luxury 1 and Sport 1 variants, so it won’t land in its most affordable form. Images: Cadillac] Become a TTAC insider.

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The Truth About Cars

FEBRUARY 9, 2024

tax credits and other supply chain challenges may make that difficult. It’s unclear, perhaps unlikely if we’ll see the 600e, but the market needs smaller, more affordable EVs to sustain itself. The Italian government has pressured Stellantis to localize more production within the country, but competing priorities with U.S.

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The Truth About Cars

DECEMBER 28, 2023

EVs are entirely too expensive, and tax credit rules are confusing, making it difficult for the general car-buying public to afford an electric car and then understand how it impacts them financially going forward. Image: Iryna Imago via Shutterstock] Become a& TTAC insider.

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The Truth About Cars

OCTOBER 27, 2023

Though more affordable models are allegedly on the horizon, the EV market as a whole is too expensive, preventing many potential buyers from getting behind the wheel. Upcoming changes to the EV tax credit rules may help, but it will likely be years before EVs reach parity with their gas counterparts.

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The Truth About Cars

MARCH 7, 2024

At the same time, the new car lost tax credit eligibility and its place as a compelling, affordable EV as a result. While it’s still less expensive than many competitors, the new Performance almost certainly won’t be cheap. Image: Tesla] Become a& TTAC insider.

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The Truth About Cars

JUNE 20, 2023

The free Supercharging offer could be worth thousands, though it’s not like these discounts are making either EV particularly affordable. The good news for the automaker is that the Model 3 and Model Y both qualify for federal EV tax credits, making their far lower prices even more reasonable.

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The Truth About Cars

OCTOBER 20, 2023

Lucid’s vehicles are noteworthy but far from affordable, leaving the company with a bit of a demand problem. The Air is too expensive to qualify for government tax credits, and other automakers are closing in on its performance and range, sometimes at lower price points. & [Image: Lucid] Become a& TTAC insider.

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The Truth About Cars

JULY 25, 2023

With incentives and tax credits, the final price could be much lower than that, making it the most affordable new EV on sale now. Get the latest& news, features, TTAC takes, and everything else that gets to the truth about cars first by & subscribing to our& newsletter.

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The Truth About Cars

MAY 23, 2023

That number becomes even more appealing after government tax credits, which cut another $3,750 off the price, making the Model 3 a compelling EV.& & Price cuts have made the Model 3 more affordable for leasing, too, as the car is now around $384 per month. Image: Tesla] Become a& TTAC insider.

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Baua Electric

OCTOBER 23, 2024

The first question asked on the call went thusly: Is Tesla still on track to deliver the more affordable model next year, as mentioned by Elon earlier, and how does it align with your AI and product roadmap? We just reported on this earlier today , when the shareholder letter said that more affordable models will come out next year.

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Blink Charging

DECEMBER 19, 2023

As we approach the end of 2023, we want to acknowledge significant industry news and the remarkable accomplishments of Blink Charging throughout this year. New Leadership Changes and Team Promotions While we may be biased, we are proud to say that Blink has the best leadership team found anywhere.

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The Truth About Cars

MAY 17, 2024

In related news, Ford CEO Jim Farley recently hinted that there’s a Mustang sedan under consideration — noting that the nameplate would hopefully play host to a V8 powertrain for as long as possible. The Camaro news is more speculative, resulting from an interview Mark Reuss had with MotorTrend about the future of the model.

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The Truth About Cars

AUGUST 7, 2024

When news broke that Dodge would be electrifying the Charger as part of its redesign, the assumption was that the resulting product would cost more than the outgoing model. This is especially true considering the now-discontinued LX/LD platform was comparatively affordable due to having been around so long.

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The Truth About Cars

FEBRUARY 1, 2024

A recent survey, conducted by Automotive News , has indicated that automotive dealerships are still broadly dissatisfied with the Biden administration’s strategy to force the United States to pivot toward all-electric vehicles. Others likewise said that it should be the market driving EV sales, not pressure from the government.&

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The Truth About Cars

JUNE 7, 2023

Despite all-electric vehicles being heralded as environmentally sound solutions that would kick down the door to affordable mobility, there haven’t been a lot of good examples hitting the market recently. Most models are aimed at the affluent, resulting in 9,000-pound behemoths with six-figure price tags.

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The Truth About Cars

SEPTEMBER 5, 2023

Power’s vice president for electric vehicle practice, told Automotive News that cost incentives and local policies can likewise play a massive role. From Automotive News : Six of the top states J.D. That's why Tesla reducing pricing to gain market share is so critical and is pulling that affordability score up," she said.

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Tony Karrer Delicious EVdriven

APRIL 21, 2009

Sure, if you need to make lots of long trips in a car, and can only afford to have one car, then probably a Tesla’s not for you. I understand that with new technology the price is often hi but come on. Where is affordable. Got a hot tip on breaking green news, or a suggestion for areas of coverage?

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The Truth About Cars

SEPTEMBER 22, 2023

While the ChargePoint device is framed as being free, it does require the purchase of a new automobile through the automaker’s captive finance arm Hyundai Capital America. That makes the $33,550 (before any federal tax credits or state incentives) Kona Electric the most affordable way to take advantage of the deal.

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Plug In Partners

MAY 7, 2007

P erhaps the most important milestone in developing Plug in Hybrids is the availability of an affordable, practical, and powerful battery pack. snip At an initial 40 mile module installed price of $10,000 supported with a $3500 tax credit , the payback period for a fleet owner with $3.00/gallon gallon gas is 2.5

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The Truth About Cars

SEPTEMBER 25, 2023

Nobody likes bureaucratic red tape or waiting on payment and this seems to have become a sticking point for retailers nervously waiting to see how the United States’ updated EV tax credit scheme plays out. There was no longer any limit to the length of time the industry could benefit. We don't want to see a repeat of Cash for Clunkers."

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The Truth About Cars

AUGUST 10, 2023

While this is presumably good news for people who have absolutely had it with dealerships marking up their products, some are growing concerned by how much electric vehicle inventories are outpacing their gasoline-reliant counterparts. However, government incentives (EV tax credits) have made them more attractive in the general sense.

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Cars That Think

OCTOBER 26, 2021

New DC fast-charging stations are being built at a fairly fast clip. Although there is a thought that news out of D.C., But the difference is that only a minority of Americans today can afford to buy a new car. A lot of people haven't appreciated how expensive new vehicles have gotten. So that's what it takes.

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Cars That Think

OCTOBER 26, 2021

New DC fast-charging stations are being built at a fairly fast clip. Although there is a thought that news out of D.C., But the difference is that only a minority of Americans today can afford to buy a new car. A lot of people haven't appreciated how expensive new vehicles have gotten. So that's what it takes.

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Creative Greenius

JULY 25, 2009

You’re not going to read this big money news in the L.A. Times or in the Daily Breeze, and you’re not going to hear about it on any local news broadcast until much later down the line when they finally get a clue. (No wonder so few people at the local government level have a clue how to budget or use the funds they do have.)

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The Truth About Cars

APRIL 12, 2023

New vehicle pricing is already higher than most people can afford and unfettered government spending has weakened the dollar. But who is going to give a s**t when they don’t have jobs and can’t afford the resulting products? But the public seems to be losing its appetite for the premise. I’m not bashing EVs.

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Tony Karrer Delicious EVdriven

APRIL 21, 2009

It has awarded tax credits worth about $100 million to each of four manufacturers of electric-hybrid car batteries. Thats the kind of incentive that tends to invite new entrants to the field, and indeed, Michigan has seen new ventures springing up from local and global companies. Caption Contest: Round 29!

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