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Canceled After All: VW Won't Bring the ID.7 to the U.S. Or Canada

The Truth About Cars

Many have announced a walk-back of lofty electrification goals, including Ford and General Motors, which have delayed or canceled some EV models in favor of more affordable hybrids and plug-in hybrids. VW moved ID.4 VW moved ID.4 Images: Volkswagen] Become aTTAC insider.

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Why Tesla Model Y tax credit inclusion is good for some and bad for others

Teslarati

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.

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General Motors confirms Equinox EV starting price

Teslarati

General Motors (GM) has confirmed the starting price of the Chevy Equinox EV, a vehicle that will be competing in the highly-contested electric crossover segment. Provided that the vehicle qualifies for the $7,500 federal tax credit for EVs, the Equinox EV 1LT could effectively be purchased for just about $27,495.

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OPINION: Musk’s distaste for Biden incentives would even EV playing field

Teslarati

However, other companies, like Ford, General Motors, and others, who are working to transition to EVs, are getting the attention. Instead, let the consumer buy what they want, for the price they can afford, at a time when they can afford it.

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Chevy Blazer EV stop-sale ends with drastically lower prices, full tax credit eligibility

Baua Electric

With drastically lower starting prices, the Blazer EV now starts at just over $50,000 and qualifies for the full $7,500 federal tax credit. Chevy Blazer EV stop-sale ends with lower prices General Motors issued the stop-sale on the Chevy Blazer EV in late December, just four months after opening orders.

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Toyota's Already Offering a Huge 2024 bZ4X Lease Discount in New York

The Truth About Cars

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. Image: Toyota] Become a& TTAC insider.

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Rivian claims revamped EV incentive bill will benefit its rivals the most

Teslarati

But while companies like Tesla and General Motors are definitely celebrating, electric truck maker Rivian is not. Currently, the United States offers consumers a $7,500 tax credit when they purchase an electric car, though this is capped at 200,000 units.