The Truth About Cars

OCTOBER 4, 2024

It took Tesla a few years to get the Cybertruck out the door, but when it did, the long-promised affordable models weren’t part of the deal. That’s changing , though only slightly, as the automaker has opened the order books for a more “affordable” Cybertruck variant starting at around $80,000.

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EV Connect

SEPTEMBER 11, 2023

In this blog post, we will provide an overview of these incentives, including eligibility requirements and application procedures. We will also discuss the advantages of transitioning to electric vehicles and how these incentives can make the switch more affordable.

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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. TransUnion’s executive vice president and head of financial services, Jason Laky, said, “Consumers are once again returning to leasing as an attractive and affordable alternative to financing new vehicles.

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The Truth About Cars

FEBRUARY 12, 2024

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. Tesla also lists the post-tax credit prices, which can be applied at the point of sale starting this year.

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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. Even the more expensive configurations are more affordable than many competitive EVs, but it’s important to note that VW hasn’t released 2024 pricing yet. 4 one of the most affordable EVs on sale today.

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The Truth About Cars

SEPTEMBER 11, 2024

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. The automaker has rebounded, seeing a modest improvement in August, but Jeep can’t afford to fumble the rollout of such an impactful vehicle. Images: Jeep] Become a TTAC insider.

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The Truth About Cars

OCTOBER 22, 2024

Due to the fact that fewer Americans can afford to buy property these days, many households are ultimately putting more of their monthly budget toward lodging. Buying a house costs more upfront and incurs property taxes.

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The Truth About Cars

OCTOBER 27, 2023

billion before taxes and interest, and Ford noted a $4.5 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. It lost $1.3 billion loss overall.

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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. Kia currently builds the EV6 in South Korea and needs a North American manufacturing location for its vehicles to qualify for federal tax credits. Though disappointing, the move isn’t a surprise.

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EV Connect

JUNE 25, 2024

Because they have 90% fewer moving parts than internal combustion engine vehicles, BEVs are the most fuel-efficient and affordable vehicles to maintain of all. Some electric vehicles even qualify for federal tax credits, worth up to $7,500, but these depend on satisfying critical mineral and battery component criteria. market today.

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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. More affordable variants will likely become available later in 2025.

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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.

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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.

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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. The deal is available across the country, but some regions see a smaller $1,000 discount.

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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

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.

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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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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

FEBRUARY 14, 2024

At the same time, the updated Model 3 is ineligible for federal tax credits, though that could change as Tesla gets its arms around the production of the new car. 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

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

AUGUST 13, 2024

In fact, the base front-drive Kicks S bears an MSRP of just $21,830 plus fees and taxes, making it affordable to wide swaths of new car shoppers. Adding all-wheel drive to this trim is a $1,500 proposition. Meanwhile, the SV trim, generally the volume leader in Nissan showrooms thanks to niceties like a 12.3-inch

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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. after Volvo gets the EX90 rolling at its South Carolina factory, which will open at least partial EV tax credit eligibility for both models. Software version 1.2 Production will begin in the U.S.

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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

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. As these things typically go with Tesla, the automaker will likely sell all the Model 3 Performance units it can build.

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The Truth About Cars

AUGUST 26, 2024

But reports now have the MSRP pegged at $69,800 before taxes and fees. From Car and Driver : While the previously listed base price for the VinFast VF9 was $81,000, VinFast is now advertising the VF9 at $71,000 for the most affordable Eco trim. The three-row utility EV was originally supposed to start around $83,000.

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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. Image: Tesla] Become a& TTAC insider.

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Blink Charging

SEPTEMBER 1, 2023

Used EVs are becoming more affordable Used vehicles have always been popular due to their lower costs, and the earliest EV adopters are now selling their cars so they can buy the latest innovations. Learn more about the Used EV Tax Credit. Blink Charging has reliable and affordable residential EV charging options to choose from.

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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.

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Driivz

FEBRUARY 26, 2023

In this blog, we’ll look at five things you can do decrease EV Charging station costs and cut OPEX and CAPEX so you can offer affordable pricing to customers, attract more drivers to your network, and minimize upfront costs. Government agencies at the federal, state, and municipal levels in the U.S. In the U.S.,

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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. .& While yet another cookie-cutter electric car might not sound that exciting, the Bolt is a breath of fresh air in an EV market that increasingly seems targeted only at the rich.

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The Truth About Cars

JUNE 2, 2023

V8 engine has been the F-150’s volume seller, but that hasn’t stopped some gearheads deep within the skunkworks of Ford Performance from coming up with a relatively affordable supercharger kit for the mill – one which cranks the wick to 700 horsepower. It’s been ages since the venerable 5.0L This means one can spec a 5.0L

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The Truth About Cars

JUNE 30, 2023

Many just can’t afford electric vehicles.” A base Mercedes-Benz GLA 250 starts at $37,500 before factoring in taxes and fees. An emphasis was also placed on ensuring the automaker could deliver more affordable models. They have come to the realization that consumers have a role to play in this decision,” McManes said.

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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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The Truth About Cars

AUGUST 7, 2024

This is especially true considering the now-discontinued LX/LD platform was comparatively affordable due to having been around so long. However, the automobile is one of the few technologies that hasn’t become more affordable over time. In small stints, this isn’t a big deal. home appliances, phones, computers, cameras, etc.)

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The Truth About Cars

SEPTEMBER 19, 2023

Our nickel’s worth of free advice is to study the pickup’s window sticker as thoroughly as one would examine tax forms. PowerBoost hybrid engine simply for the stunningly affordable ($750) 7.2kW generator in its bed. That way, you won’t accidentally drive off in an F-150 which can’t tow the family RV thanks to the wrong rear-end gear.

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The Truth About Cars

FEBRUARY 12, 2024

After taxes, that amounted to $71,208 and that’s before anyone bothered to factor in labor. An "affordable" battery swap may still be $10,000 several years from now. While we’ve seen some staggering high prices being entertained for EVs in need of a new battery pack this has to be one of more egregious examples on record.

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The Truth About Cars

MAY 17, 2024

That’s not any cheaper than the base 2024 Chevrolet Camaro, but factor in a $7,500 federal tax credit and the price effectively drops to $27,495, which would make this hypothetical EV about $5,000 less than the last gas-powered model. We need to keep doing derivatives that will surprise people.”

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