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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. The current federal electric vehicle tax scheme is a pain. Roberson et al.

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Breaking: Tesla reduces Model 3 and Model Y prices in the United States

Teslarati

Tesla’s aggressive sales strategy has been implemented in the United States. With these price adjustments in place, Tesla has ensured that the Model Y Long Range would qualify for the Inflation Reduction Act’s $7,500 federal tax credit. Wow, Tesla just announced massive price drops in the US across the board.

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How to Get the Federal Clean Vehicle Tax Credit This Year

Blink Charging

The United States federal government has made it even easier to buy a new or used electric vehicle (EV). The latest Clean Vehicle Tax Credits can be applied to the purchase of a new or used EV at the point of sale as of January 1, 2024.

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Tesla launches Cybertruck Canada Sales & Test Drives

Teslarati

At the same time, Tesla rolled out Cybertruck test drives in the United States and Canada with no reservations required. According to multiple reports on X, Tesla Cybertruck purchases in Canada are subject to a 20% luxury and 15% sales tax. Tesla also offers the Cyberbeast Foundation Series for CAD$165,990.

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Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit

Green Car Congress

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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Tesla launches $0 due at signing promotion for Model 3 and Model Y

Teslarati

With just a few weeks left in the third quarter, Tesla has launched a new incentive for customers of the Model 3 and Model Y Long Range and Performance in the United States. Buyers who pay a 20% downpayment for the Model 3 or Model Y would be getting a very attractive 1.99% APR for their purchase.

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Nikola Tre FCEV receives CARB ZEP Executive Order for HVIP eligibility; $240,000 base incentive per truck

Green Car Congress

CARB’s ZEP Executive Order is a certificate of compliance with CARB regulations for zero-emission powertrains determined to meet specific emissions standards required for sale in California. HVIP is intended to advance commercialization and to help reduce the total cost of ownership of advanced commercial vehicles in the state of California.

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