Chevy Bolt EV discounts, Toyota eliminates tax-credits, EV market crash: Car News Today
Retroactive discount applies to Chevrolet Bolt EV and EUV. Toyota will likely raise the ceiling on the EV tax credit. Today, electric trucks can exploit the majority of fleets of vehicles with a cost advantage. Is the electric vehicle market on the verge of collapsing under price pressures? This and more, here Green Car Report.
Toyota appears to have distributed 200,000 eligible cars that will trigger a EV tax credit elimination phase for Toyota and Lexus. If so, that means buyers can claim a $7,500 tax credit on models like the BZ4X electric vehicle and the RAV4 Prime plug-in hybrid that will drop to $3,750 on October 1.
GM has released a Retroactive discounts on Chevy Bolt EV and EUV . models was purchased new in 2022. Including about $6,000 for Bolt EV or EUV buyers in the 2022 model year — roughly the same sticker price offered for the entire 2023 lineup.
According to a study from telecommunications and fleet analytics firm Geotab, which looked at real-world data from 91,000 fleet vehicles, around 76% of trucks could be replaced by all-electric pickups, while 45% can use electricity with a cost of ownership advantage with initial costs often higher today.
Electric vehicle prices are so high that they are unsustainable for the market? Executives across the industry seem to be converging on that message, but one has gone a step further. If electric cars don’t get cheaper, “the market will crash” Stellantis’s chief production officer said last week. Agree?
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