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General Motors sidesteps loss of EV tax credit to offer big discounts for customers

Teslarati

General Motors is sidestepping the loss of the electric vehicle tax credit on its vehicles and will still offer a big $7,500 discount on cars for customers. The Cadillac Lyriq and Chevrolet Blazer EV are losing the credit because of component qualifications, while all other EVs are temporarily losing eligibility.

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Best lease-to-own EV deals

Baua Electric

We found that current factory lease offers on 22 different EV models dispel that myth with terms that pass the entire commercial clean vehicle Federal tax credit to the lessee, enabling the lessee to eventually own the vehicle for thousands of dollars less than paying cash upfront or taking out a loan. Lease-to-own savings: $15,366.

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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Broadly, Navigant expects expansion in both the higher end of the market (thereby putting competitive pressure on Tesla Motors), as Audi, BMW, Cadillac, Mercedes, Saab, and Volvo introduce their first plug-in cars. More mainstream models will come from Kia, Mahindra, Škoda, and Volkswagen. Tesla Motors will have a bumpy year.

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Flash Drive: 2024 Acura ZDX Type S

Clean Fleet Report

Co-developed with General Motors, the midsize ZDX rides on the Ultium platform that is also shared with the Cadillac Lyriq, Chevrolet Blazer and Equinox EVs. The 2024 ZDX A-Spec and ZDX Type S are on-sale now at Acura dealers in all 50 states. In some state it may also get the coveted HOV lane sticker. Go check it out!

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

Federal EV Tax Credit. To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car. .

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Price Parity is Not the Key to EV Adoption in the US

EV Adoption

According to a price survey conducted by BloombergNEF , automakers soon will be producing models that are “as affordable—and as profitable—as comparable combustion engine models, and without the help of tax subsidies.” Unfortunately, many automakers do a disservice to EVs and create competition among their own offerings.

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