Blink Charging

FEBRUARY 23, 2023

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. First, the easy part: How do I claim the $7,500 EV tax credit?

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Blink Charging

NOVEMBER 16, 2023

To encourage clean and energy-efficient vehicle adoption, the United States government has made significant changes to the Clean Vehicle tax credit, to take effect from January 1, 2024. These changes make it easier for drivers to access tax credits when purchasing clean vehicles. What Is the Clean Vehicle Tax Credit?

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The Truth About Cars

FEBRUARY 12, 2024

Though it’s eligible for federal tax credits, Tesla is temporarily decreasing pricing on the SUV, dropping it to $42,990 for the base model and $47,990 for the Long Range model. That pushes the lease price down to $379 to start, and the down payment is at just $2,500.

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The Truth About Cars

MAY 4, 2023

Though their electric vehicle lines are among the most compelling new zero-emissions models, Kia and Hyundai’s EVs don’t currently qualify for federal tax credits because of where they’re built. Both are working toward bringing EV production to the U.S., Both are working toward bringing EV production to the U.S.,

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The Truth About Cars

APRIL 29, 2024

This will come as no surprise to anyone, but Tesla is yet again changing its prices, though this time it’s on a less-than-week-old vehicle. The Model 3 Performance, which only went on sale last week, has already received a $1,000 price bump , making it $53,990 to start. Image: Tesla] Become a& TTAC& insider.

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The Truth About Cars

FEBRUARY 14, 2024

Tesla made news on several occasions last year for cutting prices on the Model 3 sedan, but the automaker appears to have reversed course with the introduction of the car’s 2024 refresh. The Model 3 is now the same cost as the Model Y, moving it away from the impressive price point it had for much of last year.

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The Truth About Cars

NOVEMBER 8, 2024

Dual-Motor variants can be had for that price on a 36-month lease with $7,500 down. Pricing starts at $79,990 for the AWD variant and $99,990 for the Cyberbeast. The Cybertruck has never been as cheap as Tesla originally promised, but the new lease deals at least open the door to federal tax credits.

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Baua Electric

OCTOBER 23, 2024

Tesla’s pricing numbers for its future vehicles are all over the place and changing by the minute. Just today, CEO Elon Musk revealed that the promised $30k price for Robotaxi would be “post-incentive” – before saying the car would cost $25k just minutes later. Robotaxi, a less than 4% difference in price. If it were real.

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The Truth About Cars

AUGUST 26, 2024

The Optiq will be here soon, and the automaker recently released pricing for the new model. The Optiq will qualify for a $7,500 federal tax credit, as it will be built at a General Motors facility in Mexico. Cadillac debuted its first EV, the Lyriq, for 2023, and its second model is due to hit the streets for 2025.

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The Truth About Cars

AUGUST 7, 2024

Launch editions will come with more standard features because the company knows a subset of over-eager buyers will buy them, padding the price somewhat. Subsequent EVs and combustion models featuring the "Six Pack" Hurricane I6 that is designed to supplant the outgoing HEMI V8s will likely feature lower price tags on average.

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Blink Charging

FEBRUARY 15, 2024

A couple of federal funding programs that pertain to truck stops and roadside convenience stores are: Alternative Fuel Vehicle Refueling Property Tax Credit National Electric Vehicle Infrastructure Formula Program (NEVI). Or you can choose hybrid pricing that utilizes both types.

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The Truth About Cars

OCTOBER 4, 2024

As a note, the roughly $80,000 price is for the non-Foundation AWD models. The reduced starting price could make the truck eligible for the $7,500 federal EV tax credit, but reservation holders did not see any note of such a benefit in the emails.

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The Truth About Cars

APRIL 19, 2023

That’s changing, as the automaker has cut prices more than once in 2023, with the latest round of decreases landing this week.& & Tesla cut prices for the base Model 3 by $2,000, bringing it below $40,000, but the Performance model didn’t see a reduction. Pricing for the Model S and Model X did not change.

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Blink Charging

JANUARY 19, 2024

Although the $7,500 consumer tax credit for buying an electric car is becoming more restrictive for new vehicles adhering to specific manufacturing requirements , there’s a provision enabling consumers to still enjoy the credit when leasing an EV assembled outside of North America.

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Blink Charging

APRIL 4, 2023

Thanks to new tax credits for EVs and EV charging stations as well as lower fuel and maintenance costs for EVs, fleet managers can now save money while setting an example for other organizations. Limited time to claim tax credits for EV fleets There are currently numerous incentives to purchase EVs and EV charging equipment.

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Blink Charging

MARCH 31, 2022

Gas prices are at nearly their highest point in history, and some owners of larger vehicles are ready to trade them in for vehicles with better gas mileage. How does the price of fuel and the price of recharging compare? It found the average price to recharge an EV is $0.15 Concerned about the difference in sticker price?

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The Truth About Cars

SEPTEMBER 11, 2024

Jeep plans to manufacture the Wagoneer S in Mexico, opening it to federal tax credit eligibility, helping put a dent in its almost $72,000 starting price. The SUV is expected to offer a strong list of specs, including more than 300 miles of range and a 0-60 mph time in the mid-three-second range.

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The Truth About Cars

SEPTEMBER 17, 2024

Pricing for the Charger Daytona starts at $59,995 for the R/T model, which offers 496 horsepower and a 0-60 mph time of 4.7 While they’re not cheap, the Charger Daytona’s pricing is in line with other performance EVs. The Scat Pack variant costs $73,190 to start and delivers 670 horsepower with a 3.3-second second 0-60 mph time.

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The Truth About Cars

MARCH 8, 2024

4 range, it remains the only European EV that qualifies for federal tax credits in the United States. VW started building the SUV in Tennessee and sources batteries from SK On, giving the vehicle full access to the $7,500 credit. Though it’s disappointing that VW didn’t make more substantive changes to the entire ID.4

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The Truth About Cars

MAY 24, 2024

Ford cut Mustang Mach-E pricing earlier this year, achieving its intended result of boosting demand for the electric SUV. A zero-percent interest rate will likely improve its fortunes, though it’s not eligible for federal tax credits as of the time of this article.

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The Truth About Cars

NOVEMBER 1, 2023

Even with government tax credits and other incentives, electric models are out of reach for many buyers, and the seemingly constant pricing fluctuations aren’t helping. The 2RS trim will be the first to land, carrying a starting price of $48,995 with FWD and $52,395 with AWD.

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The Truth About Cars

JUNE 26, 2024

Kia’s now jumping into the fray with the EV4 , a small electric car it promises will land with a reasonable price and widespread availability. The car’s starting price is expected to come in at under $35,000, which would make it one of the most affordable electric models in the U.S., assuming it comes here.

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The Truth About Cars

AUGUST 16, 2024

Polestar joins Volvo and other automakers in localizing vehicle production to cope with tariffs and tax credit eligibility. factories to open eligibility for up to $7,500 in federal tax credits. Their low prices have made them attractive in global markets, but a 100 percent tariff would put a quick end to that trend here.

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The Truth About Cars

OCTOBER 10, 2024

It’s also worth noting that these incentives would be on top of state and federal tax credits and other offers. The F-150 Lightning has some compelling features, but it has never reached the affordable price point Ford promised before its release. Ford’s offer comes as Ram is gearing up to release its first electric truck.

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The Truth About Cars

APRIL 24, 2024

Tesla recently slashed the price of its Full Self-Driving assistance feature, and it now appears the automaker is taking steps to expand its reach to other OEMs. The recently updated Model 3 lost tax credit eligibility in lower configurations, but the fresh Performance variant qualifies.

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The Truth About Cars

NOVEMBER 6, 2023

The report noted that Tesla plans to build a car with a 25,000-Euro starting price, or just shy of $27,000. While the Model 3’s prices have fallen in recent times, the least expensive model in the line is $38,990 before tax credits and local incentives. Image: gofra/Shutterstock.com] Become a& TTAC insider.

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The Truth About Cars

MARCH 6, 2024

While not currently eligible for federal tax credits, BMW’s EVs can be leased to receive the $7,500 discount others get. Kia recently announced $5,000 off the brand-new EV9, and General Motors has discounted some of its models that lost federal tax credit eligibility. Image: BMW] Become a& TTAC& insider.

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The Truth About Cars

OCTOBER 27, 2023

Ford said it would delay some of the planned EV investments after seeing less demand and more price pressure than expected. billion before taxes and interest, and Ford noted a $4.5 Ford said consumers are unwilling to pay more for an EV than a comparable internal combustion vehicle, putting significant downward pressure on pricing.

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Blink Charging

OCTOBER 31, 2023

Federal Incentives for Purchasing an EV Among the federal government’s incentives for drivers, you can find tax breaks for both new and used EVs that are in place until the end of 2032. Beginning in 2024, the consumer clean vehicle tax credits can be available at the point of sale by transferring your credit to the dealership.

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The Truth About Cars

JUNE 20, 2023

For a while, it seemed like Tesla would never stop raising prices, but earlier this year, the numbers started falling. The automaker often offers price cuts and bonuses as it nears the end of a sales quarter to boost numbers. Image: Tesla] Become a& TTAC insider.

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The Truth About Cars

JULY 12, 2023

Part of the issue with some EV models is their sky-high price tags, and the most expensive models aren’t eligible for government tax credits. That said, EV prices are becoming more reasonable, and analysts expect them to reach price parity with gas vehicles by 2025, so these numbers could look very different in a year or two.&

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The Truth About Cars

MAY 23, 2023

Buyers lucky enough to get a new EV from the automaker were flipping their cars for way more than the asking price, and many people overpaid as a result. Tesla started cutting prices earlier this year, making all models more attainable, and now the company has slashed the price of an entry-level Model 3 to below $40,000.

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The Truth About Cars

FEBRUARY 22, 2024

manufacturing footprint and the need to produce EVs locally to meet evolving federal tax credit rules, the 500e will roll off the line at Fiat’s factory near Turin, Italy, and production for American-spec cars has begun. Pricing for the new 500e starts at $34,095. Despite parent company Stellantis’ significant U.S.

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The Truth About Cars

OCTOBER 20, 2023

The Air is too expensive to qualify for government tax credits, and other automakers are closing in on its performance and range, sometimes at lower price points. While the vehicles might be worth their deep-six-figure price tags, they face an uphill battle against cheaper EVs with comparable performance.&

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The Truth About Cars

JUNE 8, 2023

If you’re shopping on price alone and live in California, the choice might become a lot simpler after this news. The base Model 3 starts at $40,240, which can drop as low as $25,240 after accounting for the $7,500 federal EV tax credit and the $7,500 California tax credit.

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The Truth About Cars

MAY 3, 2023

Things change quickly at Tesla, including pricing and the models it sells. The Model 3 Performance remains the range-topper, bringing more power, different brakes, and a much higher price tag.& CEO Elon Musk cited the car’s extended wait list as the reason behind its disappearance last August.

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The Truth About Cars

APRIL 23, 2024

At around $70,000 to start, the brand’s R1T pickup and R1S SUV are out of reach for most buyers, even after the $3,750 federal tax credits for some models. Oh, and you’ll have to trade in a gas vehicle to get the price cut. Of course, discounts don’t usually come without terms attached, and Rivian is no exception.

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