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Tesla $7,500 credit up front, Toyota affordable EVs, Ram electric vans: Today’s Car News

Baua Electric

Toyota pushes back about the viability of affordable EVs. Tesla has started applying the EV tax credit at the time of purchase —via its own website and affecting the up-front amount buyers will need to pay when buying a new Tesla. Ram introduces a lineup of electric vans. This and more, here at Green Car Reports.

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XPeng buying Didi’s Smart electric car unit to launch new affordable EV brand in 2024

Electrek

Chinese EV maker XPeng (XPEV) announced Monday it plans to buy out Didi Global’s Smart electric car division. XPeng revealed the partners will launch a new mass-market EV brand next year with a starting price of around 150,000 RMB (roughly $20,500).

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Volkswagen’s new EV focus combines customer needs with affordability

Teslarati

In 2027, Volkswagen Group said it would launch a lineup of entry-level and affordably priced electric vehicles under the Brand Group Core. ” Yesterday, we reported on one of Stellantis’s ideas for increasing EV adoption: creating an affordable EV under the Jeep brand , which has a loyal following. VW wants to change that.

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Backfire: Buying EVs Hasn’t Worked for Hertz

The Truth About Cars

As someone who has rented a lot of cars, Hertz was always an affordable and convenient option. When the value of those vehicles cratered during a period where nobody was buying vehicles due to lockdowns, the company was basically doomed. billion Wagner and O’Hara had paid to buy it out of bankruptcy.

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Lectric XPremium review: The most affordable, quality mid-drive electric bike that money can buy

Electrek

The post Lectric XPremium review: The most affordable, quality mid-drive electric bike that money can buy appeared first on Electrek. With a powerful mid-drive motor, dual batteries, and other impressive features, it’s going to be hard for any other e-bike to compete in this space and at this price point for a long time.

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The Number of People Willing to Buy an EV Has Declined Since 2023

The Truth About Cars

American car buyers are 14 percent less likely to buy an EV than they were in 2023, down to 34 percent from 48 last year. Automakers are returning to hybrids and plug-in hybrids to satisfy buyers’ desire for more affordable, fuel-efficient vehicles. EY’s findings support what we’re seeing in the industry.

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This two-seater luxury electric catamaran from China is surprisingly affordable

Electrek

It’s part of our weekly Awesome Weird Alibaba Electric Vehicle of the Week column, so I don’t recommend actually trying to buy one, but it’s still fun to look at! more… The post This two-seater luxury electric catamaran from China is surprisingly affordable appeared first on Electrek.