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EV tax credit union boost, Hyundai Tucson PHEV pricing, BMW EV range: Today’s Car News

Green Car Reports

The Hyundai Tucson Plug-In Hybrid beats the RAV4 Prime on affordability. And controversy swirls over a boost being given to unions as part of the EV tax credit. A revamped version of the federal EV tax credit, lifting the. BMW is sitting out the race for more mass-market EV range. We help break down why.

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Volkswagen ID.4 with SK ON battery components eligible for full $7,500 tax credit in 2024

Teslarati

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle. The 2023 ID.4 Only VW ID.4

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Toyota’s tax credit advantage over competitors like Tesla disappears

Teslarati

As recently corroborated by the veteran Japanese carmaker, it has already crossed the 200,000-unit cap for the United States’ $7,500 tax credit for hybrid and all-electric vehicles. Don’t hesitate to contact us with news tips. Just send a message to simon @teslarati.com to give us a heads up.

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Hyundai, Tesla pave the way for long-range (+300 mi) EV prices falling below average gas cars

Baua Electric

Several automakers, including Hyundai , Kia, and Tesla, are now offering long-range EVs (those with at least 300 miles range) that are cheaper to buy than the average gas-powered car in the US. Electric vehicle prices have fallen significantly in the US after a series of aggressive price cuts led by Tesla over the past few years.

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Hyundai says EVs are ‘top priority’ in the US with massive $7.6B Metaplant opening soon

Baua Electric

Despite the competition pulling back, Hyundai is racing full speed ahead as it looks to close the gap with Tesla in the US electric vehicle market. Hyundai Motor Group CEO Chang Jae-hoon confirmed EVs are “the top priority” in the US as construction on its massive $7.59 It will also create about 50,000 new jobs.

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Colorado Electric Vehicle Tax Credit Rises to $5,000

EV Life

Great news for drivers looking to purchase an electric vehicle in Colorado! But the most exciting part of the new bill for many Colorado residents is the expansion of an additional Colorado Electric Vehicle Tax Credit for qualified drivers looking to purchase electric vehicles. What Are Electric Vehicle Incentives?

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GM is giving a $7,500 incentive on EV models that lost tax credit eligibility

Baua Electric

GM is offering a $7,500 incentive for EVs that lost eligibility for the EV tax credit. 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 tax credit at the beginning of 2024.