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Tesla price cuts spur dealer discounts and manufacturer incentives on other EVs

Electrek

In this case, Tesla’s steep price cuts combined with gaining access to federal tax credits have sent shockwaves through the industry. Let’s take a look at the first price drops from legacy automakers… more… The post Tesla price cuts spur dealer discounts and manufacturer incentives on other EVs appeared first on Electrek.

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The EV Tax Credit: Buy Now or Wait Until 2024?

EV Life

The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year.

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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

That’s why it’s no surprise that the high sticker price of many electric vehicles, particularly Tesla models, has long been one of the main deterrents for people looking to buy a new car, truck, or SUV. Which brings us to Tesla. Tesla’s electric vehicles are by far the most popular EVs in the country. Not anymore.

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Nevada the site for the Tesla Gigafactory pending legislative approval of incentive package estimated at up to $1.25B over 20 years

Green Car Congress

On Thursday, Nevada Governor Brian Sandoval and Elon Musk, Chairman and CEO of Tesla Motors, confirmed what had been widely leaked the day before: that Nevada and Tesla had reached an agreement—subject to legislative review and approval—that will result in the state being the site for the Tesla Gigafactory.

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Cost Parity?: Two Dozen EVs “Available” in the US Start At Less Than $45,000

EV Adoption

But assuming you can get your hands on one, roughly two-dozen BEVs and PHEVs available for sale in the US this summer have a base manufacturer’s suggested retail price (MSRP) of less than $45,000. Several of these EVs are seeing substantial ADMs (Additional Dealer Markups). See your Hyundai dealer for availability details.

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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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Ford F-150 Lightning wait times for XLT trim shrink, reservations no longer needed

Teslarati

The XLT trim of the F-150 Lightning starts at $64,474 before federal tax credits and can be ordered at a Ford dealer or online. The increase in production of the F-150 Lightning is just one part of Ford’s plan to scale electric vehicles and increase manufacturing capacity to continue matching demand.

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