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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). —John Helveston. Roberson et al.

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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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Climate Mayors EV Purchasing Collaborative: >140 cities and counties have committed to purchasing >2,100 EVs by 2020

Green Car Congress

At the second-annual Climate Mayors Summit in Honolulu, Hawaii, 127 cities and 15 counties from across 38 states joined the Climate Mayors Electric Vehicle Purchasing Collaborative, and committed to purchasing more than 2,100 electric vehicles by the end of 2020.

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Cadillac ELR EREV goes on sale in January, starting price $75,995

Green Car Congress

The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. Base price of a 60 kWh Tesla Model S—without Federal tax incentive, but with destination fee—is $71,070.) Official EPA estimates are not yet available. 2014 Cadillac ELR.

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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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Ford re-opens order books for Mach-E; higher range, lower pricing; all standard range models with LFP packs

Green Car Congress

Customers can still include a 3-year subscription as part of the vehicle purchase, if they prefer. Updated Pricing The above reflects MSRP as of 2 May 2023. The Mustang Mach-E qualifies for potential Inflation Reduction Act federal tax credits in 2023 of $3,750. The new features of BlueCruise 1.2

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2020 Audi A8 TFSI e plug-in hybrid carries starting price of $94,000

Green Car Congress

Audi is pricing its 2020 A8 TFSI e plug-in hybrid with a MSRP of $94,000 in the US. Audi anticipates that customers purchasing the 2020 Audi A8 TFSI e will be eligible for a federal tax credit of up to $6,795. Joining the flagship sedan model line, the Audi A8 TFSI e serves as the first plug-in hybrid variant of the A8.

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