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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

The first evidence can be seen in consumer interest in the Ford Mustang Mach-E and the Tesla Model Y following the reclassification of both vehicles as SUVs, which made them eligible for a $7,500 federal tax credit under the Inflation Reduction Act. Additionally, both manufacturers recently announced significant price cuts on both models.

Price 404
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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. 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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Electric motorcycles are gaining momentum

Plug in America

For example, Italian electric motorcycle manufacturer Energica shared that in the first two months of 2020, they sold more electric motorcycles than in the year prior. . Once the big moto manufacturers get involved, the ICE bikes will quickly become a thing of the past. This year, electric motorcycle momentum has been hot!

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Mullen’s electric trucks earn CARB certification, qualifying for over $45k in customer savings

Baua Electric

As a result, those CARB-compliant states and Washington DC enable tremendous savings to fleet operators who purchase electric trucks from Mullen. Mullen also points out that combined with the $7,500 federal tax credit , commercial customers can purchase a new THREE electric truck at a net cost below $20,000.

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Electric Vehicle Adoption Divide Mapped

The Truth About Cars

Power looked into the latter issue, hoping to identify purchasing trends around the United States. Those states are California, Colorado, Massachusetts, Washington, Oregon and Maryland. There’s plenty of overlap between the two groups. & Nationally, EVs seem to be getting more popular.

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Electric Car Makers: Oregon Wants You - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Mr. Kulongoski wants to make Oregon the go-to state for electric vehicle production. In a flurry of electric vehicle activity, three back-to-back announcements this week have placed a spotlight on Oregon’s plans to be the friendliest state in the nation in which to build, sell and buy electric cars.

Oregon 58
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The State of Medium- and Heavy-Duty Vehicle Electrification

Driivz

This is particularly true for cargo vans and similar medium-duty vehicles, driven by purchase commitments from large fleet operators, with heavy-duty fleet operators committing as well. Growth in the MHD manufacturing sector is helping accelerate adoption as well. million fleet vehicles in the U.S. million fleet vehicles in the U.S.