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Colorado becomes the #1 state for EV sales, beating California

Teslarati

Colorado beat California in the electric vehicle (EV) race. Coloradans are purchasing electric vehicles at a higher rate than any other state because they are affordable, quiet, and a great ride. of new vehicle sales in Colorado in Q3 2024. Colorado’s recent achievement was plain luck.

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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

The trend is consistent with steady growth in availability and affordability. Overall affordability has also improved by a similar margin, rising to 85.6 Overall affordability has also improved by a similar margin, rising to 85.6 Power EV Index score for availability climbed sharply to 39.4 (on in January. in January.

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Tesla’s cheapest Model 3 with the 2024 tax credit might surprise you

Teslarati

Treasury’s updated guidance on the federal electric vehicle (EV) tax credit has officially taken effect. The Tesla Model 3 Long Range (LR) and Rear-Wheel-Drive (RWD) configurations are no longer eligible for the $7,500 tax credit as of January 1. However, sightings of the Model 3 Highland in the U.S.

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Tesla increases Model 3 Performance price in the U.S.

Teslarati

Just a few days after it was launched, Tesla has increased the price of the Model 3 Performance, though basic options still render it more affordable than the Long Range configuration with the federal tax credit. For example, California and Colorado will give new EV buyers $7,500 and $5,000, respectively.

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Zero EVs May Qualify For the Federal Tax Credit Under the Inflation Reduction Act Requirements

EV Adoption

Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. That is a very good thing, but tying this requirement to a consumer-facing tax credit that results in few or zero EVs qualifying, is probably not the best approach.

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Tesla Model Y and Model 3 receive fresh price cuts in the US

Teslarati

The Tesla Model 3 Rear-Wheel Drive (RWD), the all-electric sedan’s most affordable variant in the US, now starts at $38,990. This might very well be the case considering that the Model 3 and Model Y both qualify for the Inflation Reduction Act’s $7,500 federal tax credit for eligible buyers.

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Boost Your Savings: Best US States for Electric Vehicle Incentives

Setec Powerr

Many states in the US offer various incentives to encourage the adoption of electric vehicles, making it more affordable for consumers to make the switch. Colorado Colorado offers a state tax credit of up to $4,000 for the purchase or lease of a new electric vehicle.