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A new study by economists has taken a hard look at the $7,500 tax credit for U.S.-made electric vehicles (EVs) under the Inflation Reduction Act (IRA). The findings? It’s complicated, but there’s a silver lining. According to The New York Times, Americans are seeing a two-to-one return on their investment in these subsidies. The Good,…
Tesla’s dominance in energy storage hits new heights as the only company to secure an AAA rating in the new Battery StorageTech Bankability Ratings report, outpacing competitors in the growing BESS market. According to the Battery StorageTech Bankability Ratings report, Tesla has earned the distinction of being the only AAA-rated energy storage solutions supplier in…
Lucid Motors, the luxury EV maker, has reported a record-breaking third quarter for 2024, showcasing impressive delivery numbers but grappling with production challenges. Delivery Triumph Lucid’s Q3 deliveries hit 2,781 vehicles, a whopping 90% jump from the same period last year. This marks their third straight quarter of record-breaking deliveries, blowing past analyst predictions of…
Hyundai Motor Group has hit the ground running at its new all-electric vehicle plant in Georgia. The company confirmed to local media that the first Hyundai Ioniq 5 units rolled off the production line at Hyundai Motor Group Metaplant America (HMGMA) in early October, beating their Q4 2024 target. Ahead of the Game The Korean…
Tesla’s shaking things up with their Model 3 lineup, but there’s still a sweet deal to be had on the Standard Range trim. According to Forbes, while the Standard Range Rear Wheel Drive has been dropped from the main Model 3 page, it’s still lurking in the new inventory section. Lease Loophole for Standard Range…
Rivian, the electric vehicle manufacturer, has announced a significant reduction in its production forecast for this year due to a parts shortage. This news comes from The Verge, highlighting the ongoing challenges faced by the EV industry. Production Cuts and Missed Expectations Rivian’s revised production estimate now stands at 47,000-49,000 vehicles for the year, a…
The electric vehicle (EV) charging landscape is undergoing a seismic shift as Tesla’s Supercharger network opens its gates to General Motors vehicles. This game-changing development, reported by Ars Technica, marks a turning point for non-Tesla EV owners who’ve long grappled with unreliable and inconvenient charging options. The Charging Nightmare of Yesteryear For many non-Tesla EV…
Tesla’s latest quarterly report has injected a dose of optimism into the electric vehicle sector. The EV pioneer saw a 6.4% year-over-year increase in global sales for Q3 2024, delivering 462,890 vehicles from July through September. This marks Tesla’s first quarterly growth in 2024, as reported by The New York Times. Clever Financing Fuels Sales…
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