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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

Power EV Index ( earlier post ), a new, advanced analytics tool that tracks the progress to parity of EVs with internal combustion engine (ICE) vehicles in the United States, this steady decline in price mixed with surging availability is setting the stage for a new era of EV price wars. According to the J.D. in January. Power EV Index.

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Oregon’s EV incentive program that brought Tesla prices below $30k is running out of money

Teslarati

Oregon’s electric vehicle incentive program that was widely publicized for bringing the price of a Tesla Model 3 well below $30,000 is being suspended for a year starting in May because it is running out of money. According to Fox Business , Oregon expects 1.5 million people to be driving EVs in the state by 2035.

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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 per year to run—a difference of $633.94

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford says, “you do not have the option to purchase the vehicle at the end of the lease term.” battery production.” battery production.”

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Electric Vehicle Adoption Divide Mapped

The Truth About Cars

Like everything else in the modern era, vehicles have become another polarizing issue. The populace is split between gasoline-loving Luddites, endlessly bemoaning the current regulatory landscape and smug EV adopters who proselytize battery-powered vehicles with all the zealotry of a religious fanatic. However, Elizabeth Krear, J.D.

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Rhode Island’s DRIVE EV program encourages sustainable transport

Teslarati

Rhode Island is offering new incentives to encourage the purchase of electric vehicles with its new DRIVE EV program. It is one of the newer programs in the country, and can be combined with federal incentives to drive further savings on electric vehicles. Supply chain constraints have made getting some new vehicles tough to come by.

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Honda looks to build a $14 billion EV and battery plant in Canada

Baua Electric

Japanese automaker Honda has been, shall we say, laying very low when it comes to developing a decent electric vehicle, although we can expect its second EV attempt in the US, the Prologue, soon. Of course, batteries coming from Canada with materials found in Canada will also help vehicles qualify for the US’s federal EV tax incentives.

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