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4 AWD electric SUV, bound for dealers in the US in the fourth quarter. 4 models are eligible for a potential Federal taxcredit of up to $7,500, and include three years of unlimited public DC fast charging on the Electrify America network at no additional cost. Volkswagen revealed the new ID.4 Destination for all ID.4
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.
Less than a year after initially teasing its interior, the new EQE SUV from Mercedes-Benz is on the cusp of reaching customers for the first time. As one of the first Mercedes EVs completely assembled in the US, the EQE SUV has designed with Americans in mind and should do well in the market.
4 electric SUV—the brand’s first long-range EV to be sold in the US. This compact SUV, which will be available in rear-wheel drive 201-hp 82 kWh (launching first) and all-wheel-drive 302-hp 82 kWh configurations, offers three years of fast charging with Electrify America for no additional cost. Reservations for the ID.4
Earlier this year, the rules around EV taxcredits seemed to be changing every other week. While things have calmed down since then, we’re about to see more action on the topic, as the Treasury recently released new guidance on battery materials sourcing that will upend credits for some EVs.
4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal taxcredit for electric vehicles. 4 units with batteries from SK On qualify for federal taxcredits. 4 EV may choose to apply the taxcredit as a down payment for the vehicle. The 2023 ID.4 Only VW ID.4
Audi’s entry electric SUV Q4 e-tron lineup ( earlier post ) is ready for configuration by US buyers. Anticipated potential federal taxcredit. Prices exclude $1,095 destination charge, sales taxes, title, options, and dealer charges. Dealer sets actual price. 2022 Audi Q4 e-tron (European model shown).
Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV taxcredit requirements. The caps are $80,000 for trucks, vans, and SUVs and $55,000 for sedans, sports cars, and station wagons. Joe Manchin, via the Wall Street Journal.
dealer network , giving it stores in several new areas and growing its footprint to 18 dealerships in seven states. With 18 stores in seven states and its corporate dealers in California, VinFast now has a surprisingly robust U.S. is the VF 8 SUV. The company recently announced an expansion to its U.S.
We decided we would rather give that money to a dealer so that we could expand faster,” said Henrik Fisker, the CEO, President, and Chairman of the EV startup. In September 2023, Fisker shared that it ramped production of the all-electric Ocean crossover SUV to 300 units per day.
However, the team notes in the study, “PHEV marketplace penetration: An agent based simulation”, to achieve that level of penetration given the additional cost of the vehicles, subsidies in addition to the Federal taxcredit already in place are critical. The introduction and penetration of vans and SUVs into the US marketplace.
For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars. Audi’s Q4 e-tron and Q8 e-tron, as well as the GMC Hummer EV SUV, have inventories that are well above 100 days. The Hummer EV SUV, for one, is too expensive to qualify for the IRA incentives, and the Hyundai Ioniq 5 is an imported unit.
Honda recently added a sweet financing deal and thousands off the SUVs sticker price, which could push sales even higher. Hondas also offering up to $5,000 in dealer cash, which can be combined with the zero-percent offer, and buyers can still get the $7,500 taxcredit.
Photo credit: Volkswagen Volkswagen has recently announced that their MY23 and the upcoming MY24 models of the ID.4, 4, equipped with SK On battery components, will be eligible for the full $7,500 Federal TaxCredit. that qualifies for the full Federal Taxcredit. This development makes these models of the ID.4,
GM is offering a $7,500 incentive for EVs that lost eligibility for the EV taxcredit. GM to give $7,500 incentive for non-qualifying EVs Two weeks ago, GM said the new Chevy Blazer EV and Cadillac Lyriq would lose eligibility for the US EV taxcredit at the beginning of 2024. 4, Ford Mustang Mach-E, and Nissan LEAF.
The Treasury Department just released new guidance that will enable consumers to use their $7500 EV taxcredits 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 taxcredits in the new year.
Well, it’s 2024, the changes to the federal EV taxcredit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal taxcredit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the TaxCredit?
Kia’s first three-row electric SUV is off to a good start. Kia expects the EV9 will qualify for the full $7,500 EV taxcredit by early next year. The EV9 is expected to qualify for the full $7,500 taxcredit by early 2025. You can use our link to find great deals on the 2024 Kia EV9 at a dealer near you.
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. Any unused funds are not available as a refund or to be used on the following year’s taxes. Not anymore.
Even with government taxcredits and other incentives, electric models are out of reach for many buyers, and the seemingly constant pricing fluctuations aren’t helping. Frustratingly, the SUV hasn’t even hit dealers’ lots yet, and Chevy’s already cut the originally planned base trim, raising the starting price by more than 10 percent.
Honda’s first electric SUV, the Prologue, is already a top-selling EV in the US. Honda Prologue EV sales are picking up in the US The electric SUV was the fifth best-selling EV in the US, with sales topping 12,600 in the third quarter. Based on GM’s Ultium platform, the SUV offers up to 296 miles of driving range.
With a new Labor Day discount for up to $14,250 in potential savings, the Honda Prologue SUV is a better lease deal than the Civic. Honda’s first electric SUV began hitting US dealerships this March. With $1,999 due at signing, the effective rate is $325 per month before the $750 Labor Day Dealer Cash discount is applied.
Although the $7,500 consumer taxcredit 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.
Honda’s electric SUV is already one of the best-selling EVs in the US. Honda Prologue electric SUV sales top 25,000 in November The all-electric Honda Prologue was already the fifth top-selling EV in the US in Q3, behind the Tesla Model Y, Model 3, Cybertruck, and Ford Mustang Mach-E. Ready to check it out for yourself?
The Honda Prologue is now available at most dealers, spanning all US markets. The new electric SUVs are based on GM’s Ultium platform. Honda Prologue Elite interior (Source: Honda) With the $7,500 EV taxcredit, the 2024 Honda Prologue starts as low as $39,900. Are you ready to check out Honda’s new electric SUVs?
I say apparently as a PR person with Stellantis, the parent company of Jeep, stated the following to me in a January 18 email: I can tell you that it is true, we were the best selling plug-in hybrid SUV last year in the US. Rick Deneau, Stellantis.
Scheduled to be in dealers in fall 2024, it will be eligible for a $3,750 U.S. taxcredit at start of sale. If leasing, all Ioniq 5 models qualify for the $7,500 credit that Hyundai passes on to consumers. If leasing, all Ioniq 5 models qualify for the $7,500 credit that Hyundai passes on to consumers.
As demand for its first three-row electric SUV, the EV9 , continues to build, Kia’s EV sales climbed 27% from last year. Kia’s dealer sales were higher than any month in company history,” Kia America’s vice president of sales, Eric Watson, announced Wednesday. One bright spot was Kia’s first three-row electric SUV, the EV9.
Honda’s first electric SUV in the US had its best sales month ever in August. The Honda Prologue EV set a new US sales record as it rolls out to dealers nationwide. Starting under $48,000, Honda said the electric SUV hits the “sweet spot” of the market. Last week, Honda introduced a new Labor Day Dealer Cash bonus.
Americans are obsessed with SUVs and crossovers, which make up around 40% of all vehicles sold in the U.S. In addition to the mounting costs of gasoline, our love of SUVs is also costing the planet in terms of carbon emitted by sports utility vehicles (compared to more efficient sedans and hybrids.). Explore Dealer Offers.
With the first deliveries just around the corner, Jeeps new luxury electric SUV is already proving that beautiful things can still get dirty. The Wagoneer S is Jeeps first global all-electric model as the rugged SUV maker opens a new chapter. You can watch the video below ahead of time to get a closer look at Jeeps new electric SUV.
For the first time, you can buy the electric Prologue SUV with 0% APR and up to $6,000 in savings. Honda is offering massive deals on the Prologue SUV The Prologue is already one of the best-selling EVs in the US, but Honda is just getting started. When Honda launched the Prologue earlier this year, the 6-year rate was 6.39%.
Kia dealers will update the IEB software with “improved logic” free of charge. 2024 Kia EV9 GT-Line (Source: Kia) Kia’s first three-row electric SUV has helped it achieve back-to-back record US sales months. Starting at $56,395, Kia calls the electric SUV’s price tag a “wake-up call to the industry.”
Honda’s electric SUV was the 5th best-selling EV in the US after sales surged in the third quarter. As the electric SUV rolls out to dealers nationwide, the Honda Prologue is winning over buyers. After introducing a new Labor Day Dealer Cash bonus , the electric SUV featured up to $14,250 in incentives.
Hyundai will finally unveil its first three-row electric SUV, the IONIQ 9, at the LA Auto Show next week. With its debut around the corner, we are getting a sneak peek at the SUV’s “lounge-like” interior. Hyundai will hold a news conference inside the LA Convention Center to unveil its new flagship three-row electric SUV.
Hondas electric SUV is taking the US by storm. Honda Prologue US sales reach over 33,000 in 2024 Honda set new SUV, hybrid, and EV sales records in the US in 2024. Its first electric SUV, the Prologue, is already significantly impacting brand sales. Hondas electric SUV outsold the Hyundai IONIQ 5 with 4,595 units sold.
Solid European Midsize Luxury Electric SUV Is it possible to judge the quality of a car by the sound of the driver door being closed? There is something about driving a German car, and Audi does not disappoint with its midsize all-electric luxury SUV. seconds, which is pretty good for a SUV weighing in at 5,798 pounds.
With over 25,000 models sold already this year, Hondas electric SUV has been a surprise hit. Honda Prologue was the third best-selling EV in Nov After delivering the first Prologue in the US in March 2024, Hondas electric SUV has become one of the most sought-after EVs in the US. The 2024 Honda Prologue starts at just $47,400.
More Power Raises Performance For The All-electric SUV. Clean Fleet Report has previously reviewed the 2021 Ford Mustang Mach-E, and our opinion is Ford has a winner with this all-electric SUV. The First Edition is sold out, but the GT and GT Performance hit dealers in the fall 2021. Not so mellow yellow. Performance.
Hyundai’s first three-row electric SUV was spotted testing, revealing its large body and sleek design. Hyundai’s electric SUV was the sixth top-selling EV in the US last year with almost 34,000 models delivered. Hyundai’s electric SUV seemed more sloped and less boxy than the EV9. The platform enables the EV9’s 42.8″
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 taxcredits can be available at the point of sale by transferring your credit to the dealership.
The most significant incentive, outlined in the Inflation Reduction Act of 2022 , comes in the form of a $7,500 taxcredit for eligible drivers and vehicles. As with most government incentive programs, there are a lot of rules and restrictions regarding who qualifies for the credit. However, there’s a catch.
The upgraded electric SUV is arriving with up to $16,000 in savings. Hyundais best-selling electric SUV is now better than ever. Build in the US, it now qualifies for the $7,500 federal taxcredit for the first time. In addition to the $7,500 EV taxcredit, all trims feature a $7,500 Retail Cash Bonus.
Kia’s first three-row electric SUV is already fueling a sales spike. Although Kia’s new electric SUV is receiving most of the attention, sales of its first dedicated electric car, the EV6, were also up nearly 40% in Q2. With the $7,500 federal taxcredit, prices could fall to as low as $48,995. Discover for yourself.
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