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This Volkswagen EV Now Comes with Full Tax Credit Benefits

The Truth About Cars

Photo credit: Volkswagen Volkswagen has recently announced that their MY23 and the upcoming MY24 models of the ID.4, 4, equipped with SK On battery components, will be eligible for the full $7,500 Federal Tax Credit. that qualifies for the full Federal Tax credit. This development makes these models of the ID.4,

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Ford Mustang Mach-E captures KBB’s EV Best Buy of 2022

Teslarati

“Available for sale in all 50 states, the Mustang Mach-E brings some of the best plug-in style, tech, and performance available among (relatively) affordable electric cars. Its SUV-leaning shape and fresh attitude also contribute to the Mach-E’s value to both Ford and to the emerging EV landscape.”

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2030: 20 Million More ICE Vehicles Will Be on the Roads in the US Than in 2021

EV Adoption

And while many of the legacy automakers – along with several states – have announced plans or “aspirations” to end production of ICE vehicles or ban their sale completely, the reality is we may not see a federal ban of ICE sales ever – or perhaps not before 2040.

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What EV has the Best Bang for the Buck?

Clean Fleet Report

While this is the only EV for sale in the U.S. Other Options Other good options for cost-conscious EV buyers include Hyundai’s Kona Electric ($34,000; 258-mile range), Subaru’s Solterra SUV ($37,000; 285-mile range), Kia’s Niro EV ($39,990; 239-mile range). EV buyers still qualify for up to $7,500 in tax credits.

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82% of BEVs & PHEVs Available in the US in 2022 Have a Base MSRP of $40,000+

EV Adoption

Out of 82 BEVs and PHEVs that are either currently available for sale in the US, or expected to be so by the end of 2022, 67 of them, or 81.7%, have a base manufacturer’s suggested retail price (MSRP) higher than $39,999, according to new analysis from EVAdoption. Lack of Affordable EVs Remains a Key Hurdle to Mass Adoption.

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Are Rising EV Inventories Proof Nobody Wants Them?

The Truth About Cars

However, government incentives (EV tax credits) have made them more attractive in the general sense. The Tesla Model Y may still be on the pricier side of affordable EVs, lack the fit-and-finish of other models, and be a little too barren inside for some tastes. production beyond the level of demand. They’re certainly prevalent.