Remove Affordable Remove Emissions Remove SUV Remove Tax
article thumbnail

Government of Canada investing nearly $15M in new EV chargers across the GTA

Green Car Congress

Since 2016, the Government of Canada has invested $1 billion to make EVs more affordable and chargers more accessible for Canadians and has approved funding to support the installation of more than 34,500 EV chargers to date. Budget 2022 delivered an additional $1.7

Canada 304
article thumbnail

Tesla is no longer just a luxury brand, says major auto outlet

Teslarati

Tesla price cuts push EV market toward affordability with broader influence In 2022, Tesla’s prices were higher and were competing with companies such as Mercedes-Benz, Aston Martin and Lexus. While the Model 3 starts at $31,490 after the federal tax incentive in the U.S.,

article thumbnail

‘Hatchbacks are here to stay; no guarantee that SUVs will remain popular in the future’: RC Bhargava | Autocar Professional

Baua Electric

With the expected comeback of small cars by 2026, Bhargava says that the current dominance and popularity of SUVs is a trend that might or might not last in the future. What can he afford? Technological advancements will give small car buyers a more affordable vehicle in the future. Every car is not going to become an SUV.

Future 52
article thumbnail

Honda looks to build a $14 billion EV and battery plant in Canada

Baua Electric

After calling off beats with GM to “beat out Tesla” with a cheap SUV, it has now emerged with news that it is mulling over a $14 billion EV and battery plant in Canada. Swedish EV battery maker Northvolt is also building a zero-emissions battery factory in Quebec, a province with access to hydroelectric power and a lithium mine near La Corne.

Canada 52
article thumbnail

Hatchbacks not giving up territorial rights so easily | Autocar Professional

Baua Electric

In those days, India revolved around the pulse of small cars, an automotive ethos that endured for decades, reigning supreme until 2017-18, after which tides started turning in the favour of SUVs (sports utility vehicles). What’s more, in March 2024, for the first time, the top two vehicles sold were SUVs—Tata Punch and Hyundai Creta.

Suzuki 52
article thumbnail

Automotive Execs Speculate About Hypothetical EV Camaro and Mustang Sedan

The Truth About Cars

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. For instance, there will never be room for a small, two-row Ford SUV with a Mustang badge stuck on it.

Ford 105
article thumbnail

Progress! IRA signed into law

Electric Auto Association

The Inflation Reduction Act (IRA) is a massive climate, health care, and tax bill with the overarching goal of slowing the rise in consumer prices that have been climbing at the fastest pace in approximately 40 years. Additional changes include: An MSRP cap of $80,000 for vans, SUVs, and pickup trucks and $55,000 for any other vehicle.