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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. Additionally, both manufacturers recently announced significant price cuts on both models.

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You Can Get A New Tesla Model 3 For $20,000 In New Jersey (Maybe)

CleanTechnica EVs

There’s been much discussion this year about bringing down the upfront price of a Tesla, and about how much demand. continued] The post You Can Get A New Tesla Model 3 For $20,000 In New Jersey (Maybe) appeared first on CleanTechnica.

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New Jersey resuscitates offshore wind with two new projects

Baua Electric

Photo: Ocean Wind 1 Ørsted dealt New Jersey a massive blow by canceling 2.2 GW of new projects to its pipeline. New Jersey was expected to announce another offshore wind solicitation at the beginning of 2024, and it’s delivered. gigawatts (GW) of offshore wind last year, but the state just added 3.7

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Boost Your Savings: Best US States for Electric Vehicle Incentives

Setec Powerr

Colorado Colorado offers a state tax credit of up to $4,000 for the purchase or lease of a new electric vehicle. This credit is available for both new and used EVs and applies to both residents and businesses. This exemption can save buyers thousands of dollars upfront.

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Toyota reduces pricing on 2014 Prius Plug-In in US

Green Car Congress

This price repositioning on the base Prius Plug-in Hybrid is not accompanied by any reduction in vehicle content. Pricing for the 2014 Prius Plug-in Advanced model has also been adjusted to make the model more accessible to consumers with a $4,620 reduction in MSRP to $34,905 (excluding DPH). kWh Li-ion battery pack.

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Mercedes-Benz B-Class Electric Drive priced at $41,450 for US; 85-mile range

Green Car Congress

The Mercedes-Benz MY14 B-Class Electric Drive ( earlier post )—the first electric offering for the brand in the United States—is priced at $41,450, excluding $925 destination and delivery. Customers may be eligible for federal tax credits (which run up to $7,500) or state/local tax credits.

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Progress! IRA signed into law

Electric Auto Association

The Inflation Reduction Act (IRA) is a massive climate, health care, and tax bill with the overarching goal of slowing the rise in consumer prices that have been climbing at the fastest pace in approximately 40 years. The credit can also be used toward a down payment. Used EV sale price less than $25,000.