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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. —Roberson and Helveston (2022).

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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

Green Car Congress

The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. In the US, the Fisker Ocean starts at $37,499 in the base Sport.

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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

Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. Total EV market share has now reached 8.5%, nearly double the share of a year ago.

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Chevy Bolt EV discount, Toyota tax-credit phaseout, EV market collapse: Today’s Car News

Green Car Reports

Toyota likely hit the ceiling for the EV tax credit. Is the EV market on the verge of collapse over price pressures? Retroactive discounts apply to the Chevrolet Bolt EV and EUV. Electric trucks could pull off the majority of fleet uses today at a cost advantage. This and more, here at Green Car Reports.

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Used PHEV prices rose ahead of $4,000 tax credit eligibility

Green Car Reports

In the months even before we knew some used plug-in hybrids would be eligible for a $4,000 used EV tax credit, market interest in plug-in hybrids was on the rise, according to a recent pricing analysis.

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Nissan Leaf price cut, 40-mpg Maverick pickup supply, used EV tax credit: Today’s Car News

Green Car Reports

An EV tax credit could soon extend to used vehicles. And the Leaf is now the lowest-priced EV in the U.S. With a price cut of more than $4,000, the 2022 Nissan Leaf is shaping up to be the lowest-priced U.S.-market market electric. The 40-mpg versions of the Maverick hybrid pickup might be hard to find.

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

Green Car Reports

BMW is sitting out the race for more mass-market EV range. 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. The Hyundai Tucson Plug-In Hybrid beats the RAV4 Prime on affordability. We help break down why.