Author: Stephen Edelstein

Tesla starts applying EV tax credit at time of purchase

2023 Tesla Model Y  -  Courtesy of Tesla, Inc.Fewer Tesla EVs now qualify for the $7,500 federal EV tax credit, but for those that do, Tesla is now applying the credit at the time of purchase. The automaker's website now says that eligible buyers will have the full $7,500 credit applied when they purchase their vehicles. Customers are responsible for determining their eligibility for the...

Future Rivian EV: Half the carbon footprint of its R1S by 2030

Rivian R2 teasedIn addition to being less expensive than the current R1T pickup truck and R1S SUV, Rivian believes its upcoming R2 EV will have a smaller carbon footprint as well. And looking beyond the initial R2, Rivian intends to keep cutting the footprint of its vehicles. As noticed by The Verge, the company said in its first environmental impact report that...

Hertz is selling EVs, including Teslas, to buy gasoline models

Tesla at HertzHertz on Thursday announced that it's selling about 20,000 EVs, including some Teslas, from its U.S. rental fleet to buy gasoline cars. The company said in a filing with the Securities and Exchange Commission (SEC) that the sales of these vehicles, which represent about one third of its global EV fleet, began in Dec. 2023 and are expected to...

Analysts: EVs will keep gaining US market share in 2024

2024 Hyundai Ioniq 5U.S. EV sales grew significantly in 2023 and will likely continue to do so in the coming year, Bloomberg analysts say in a new report. Analysts estimate that U.S. EV sales reached 1.6 million units in 2023, up from 1.1 million in 2022. And they predict 1.9 million EV sales for 2024, accounting for 13% of the new-car market. Sales could reach 2.1...

2024 Tesla Model 3 Highland update arrives in the US

Tesla Model 3 (Europe-market refresh) The refreshed 2024 Tesla Model 3—codenamed "Highland" by the automaker—is now available in the U.S. Deliveries are expected to start as soon as later this month. The U.S.-spec Model 3 Highland appeared on Tesla's website overnight, with two configurations available. The base single-motor rear-wheel drive version starts at $38,990...