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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

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A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. —Roberson and Helveston (2022).

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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

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The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. The credit will be available at the point of sale.

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

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Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. The trend is consistent with steady growth in availability and affordability.

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Cadillac ELR EREV goes on sale in January, starting price $75,995

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The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. Base price of a 60 kWh Tesla Model S—without Federal tax incentive, but with destination fee—is $71,070.) Official EPA estimates are not yet available.

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Lucid Motors unveils Lucid Air luxury electric sedan

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With up to 1,080 horsepower available in a dual-motor, all-wheel-drive architecture, the Lucid Air is able to achieve quarter-mile times as quick as 9.9 The power of the Lucid Air is complemented by an available extended-range capability that achieves an estimated EPA range of up to 517 miles on a single charge.

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Ford re-opens order books for Mach-E; higher range, lower pricing; all standard range models with LFP packs

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BlueCruise, which enables hands-free driving on highways, now will be available with the choice to experience the technology with a complimentary 90-day trial since all Mustang Mach-E SUVs will be built with the necessary hardware for the capability. Updated Pricing The above reflects MSRP as of 2 May 2023.

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Lucid Motors pricing base Lucid Air luxury EV at $52,500 after Fed tax credits; fully loaded above $100K

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Lucid Motors, a Silicon Valley-based electric vehicle company, announced that the base version of its first vehicle, the Lucid Air luxury sedan ( earlier post ), will have a starting price of $52,500 after federal tax credits. Above the base Lucid Air, a number of upgrades will be available. 12-way power front seats.