Rivian Will Give You a Discount to Trade In a Gas Vehicle for a New R1 Model

Rivian sells two compelling EVs that have garnered a good deal of happy customers, but they’re far from affordable. At around $70,000 to start, the brand’s R1T pickup and R1S SUV are out of reach for most buyers, even after the $3,750 federal tax credits for some models. The automaker is taking steps – small ones, to be fair – to make its vehicles more affordable, though, knocking up to $5,000 off some configurations. Oh, and you’ll have to trade in a gas vehicle to get the price cut.

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Ford Slashed the Mach-E's Price Tag and Saw an Immediate Uptick in Sales

Disappointing EV demand can be blamed on several factors, ranging from the toxic political situation in the U.S. to concerns about driving range and charging. One factor that is coming into clear focus is pricing, as Ford recently found out with the Mustang Mach-E. In response to flagging demand, the automaker cut prices on the electric SUV and has seen an uptick in sales as a result, showing that cost remains a significant hurdle for many prospective buyers.

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Tesla Looks to Boost Model Y Sales with Threats of Nearing Price Increases

The Tesla Model Y is a wildly popular EV on the global stage, but the automaker is still looking for ways to boost sales and keep it relevant. As we approach the end of the first quarter of 2024, Tesla is pushing the Model Y with a message that prices will increase on April 1 in hopes that the threat of higher purchase price s will drive buyers to act in the next two weeks.

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Notable Updates are Coming to the VW ID.4 for 2024, but Only the More Expensive Models

Volkswagen has sold tons of ID.4s, but the EV is getting an update heading into the 2024 model year to keep it current. Changes include more tech, new advanced driver assistance features, but they’re limited to higher, more expensive trim levels.

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The Nissan Leaf is Eligible for a $3,750 Tax Credit Again

The Nissan Leaf was already the most affordable EV on sale, but recent changes have made it even cheaper. The automaker announced that the car has regained eligibility for federal tax credits, though for only half of the maximum $7,500.

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The Updated Tesla Model 3 is Available in North America

After several months of spy shots and looking at the updated Tesla Model 3 in European markets, the car is finally available in North America. Tesla added the car to its online configurator without much fanfare, but there are plenty of changes to the automaker’s popular sedan.

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GM Will Discount Models Not Currently Eligible for $7,500 Tax Credit

The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. Most GM models failed to make the cut, at least temporarily, and the automaker is offering $7,500 compensatory discounts to keep sales flowing.

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EV Tax Credit Changes: Ford Mustang Mach-E Unlikely to Qualify in 2024

Earlier this year, the rules around EV tax credits seemed to be changing every other week. While things have calmed down since then, we’re about to see more action on the topic, as the Treasury recently released new guidance on battery materials sourcing that will upend credits for some EVs. The Ford Mustang Mach-E is one of them, as it may lose the partial credit it currently qualifies for.

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EV Tax Credit Changes Have Shuffled EV Sales Rankings

Changes in the EV tax credit rules have been confusing and made it hard to determine which cars are eligible for credits. Some automakers argued that the rules would unfairly harm their business and ability to compete, and we’re now starting to see how some of the changes are shaking out. Automotive News reported that the top eight EVs in the U.S. in January were built in North America, while Hyundai and Kia fell back.

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U.S. Treasury Bows to Industry Pressure On EV Tax Credit Scheme

The United States Department of the Treasury appears to have caved after receiving sustained pressure from the auto lobby, modifying how vehicles are classified in the updated EV tax credit scheme in a manner designed to make more vehicles eligible. Rather than leaning on Corporate Average Fuel Economy (CAFE) standards, the Treasury has said it will instead use the Environmental Protection Agency’s (EPA) Fuel Economy Labeling standard to determine when a vehicle is an SUV, pickup, sedan, or van.

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Tesla Quietly Bumps Model Y Prices by $500 After Slashing Thousands Off the MSRP Earlier This Year

Tesla made waves when it slashed prices earlier this month, but it appears the fluctuations aren’t finished. The automaker cut Model Y prices by $13,000 earlier in January but recently re-raised the price by $500.

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Sen. Manchin Proposes Bill to Force Treasury to Finalize EV Tax Credit Guidance

Despite the United States having an entirely new EV tax credit scheme under the so-called Inflation Reduction Act (IRA), there’s nobody adhering to it right now. That’s because the Treasury Department decided to delay issuing specific guidance on battery matters until March, nullifying any restrictions based on content requirements. While this means more automakers have been able to take advantage of government subsidies, it also means they haven’t been required to follow any of the stipulations outlined in the IRA for 2023.

Senator Joe Manchin (D-WV) believes this is unacceptable and has advanced legislation that would effectively force the U.S. Treasury to do its job.

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Japan Says America’s Updated EV Tax Credits Are Illegal

Following the passing of the U.S. “ Inflation Reduction Act,” South Korea came to the defense of Hyundai Motor Group to urge America to postpone things until the automaker completed a facility in Georgia intended to manufacture all-electric vehicles. Hyundai chairman Chung Eui-sun had reportedly expressed serious concerns that revamping and renewing the EV credit scheme disproportionately advantaged certain manufacturers – sending the Korea Automotive Industry Alliance into lobbying overdrive.

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Automakers Still Dissatisfied, Lobbying Continues

Automakers are growing concerned about the future now that it looks like people have finally reached their breaking point in regard to elevated vehicle pricing. While the industry is citing inflation in the general sense, the truth of the matter is that companies’ own inability to manufacture vehicles and parts at anything approaching a normal pace resulted in price increases that vastly outpaced the devaluation of your preferred currency. This was made far worse by dealerships affixing their own markups to just about every model that compares favorably to walking. 

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U.S. Senate Preps More Money for Auto Industry

Senate Democrats have settled on how to funnel more money into the automotive sector using all-electric vehicles and environmentalism. Majority Leader Chuck Schumer and West Virginia's Joe Manchin have reportedly agreed on a proposal that would expand the $7,500 tax credit for EVs while also introducing a new $4,000 subsidy for used models.

But that's just to kick things off. The legislative package is likewise said to include $369 billion that's been earmarked for climate and energy spending. For automakers, that means massive financial help from the government whenever they want to convert their existing factories into the kind that build all-electric vehicles. Though it may not be limited to EVs, as the updated language now makes fuel cell vehicles similarly eligible for the proposed industry subsidization.

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  • ToolGuy First picture: I realize that opinions vary on the height of modern trucks, but that entry door on the building is 80 inches tall and hits just below the headlights. Does anyone really believe this is reasonable?Second picture: I do not believe that is a good parking spot to be able to access the bed storage. More specifically, how do you plan to unload topsoil with the truck parked like that? Maybe you kids are taller than me.
  • ToolGuy The other day I attempted to check the engine oil in one of my old embarrassing vehicles and I guess the red shop towel I used wasn't genuine Snap-on (lots of counterfeits floating around) plus my driveway isn't completely level and long story short, the engine seized 3 minutes later.No more used cars for me, and nothing but dealer service from here on in (the journalists were right).
  • Doughboy Wow, Merc knocks it out of the park with their naming convention… again. /s
  • Doughboy I’ve seen car bras before, but never car beards. ZZ Top would be proud.
  • Bkojote Allright, actual person who knows trucks here, the article gets it a bit wrong.First off, the Maverick is not at all comparable to a Tacoma just because they're both Hybrids. Or lemme be blunt, the butch-est non-hybrid Maverick Tremor is suitable for 2/10 difficulty trails, a Trailhunter is for about 5/10 or maybe 6/10, just about the upper end of any stock vehicle you're buying from the factory. Aside from a Sasquatch Bronco or Rubicon Jeep Wrangler you're looking at something you're towing back if you want more capability (or perhaps something you /wish/ you were towing back.)Now, where the real world difference should play out is on the trail, where a lot of low speed crawling usually saps efficiency, especially when loaded to the gills. Real world MPG from a 4Runner is about 12-13mpg, So if this loaded-with-overlander-catalog Trailhunter is still pulling in the 20's - or even 18-19, that's a massive improvement.