China NEV sales in week W22: Li Auto 6600, Nio 1700, Tesla 14500

Base Tesla Model 3 now also qualifies for $7,500 tax credit

2023 Tesla Model 3The base Tesla Model 3 now qualifies for the full $7,500 federal EV tax credit, joining other Model 3 variants. On Friday, Tesla fans noted that, when building a base Model 3, Tesla then indicated that it was eligible for a $7,500 credit. At that time, the EPA FuelEconomy.gov list of qualified vehicles indicated that model and some of the lineup...

Sub-$40,000 EVs can’t yet be profitable, says GM CEO

GM CEO Mary BarraGeneral Motors CEO Mary Barra said in a conference Friday that EVs selling for less than $40,000 can't be profitable just yet. It's an unexpected statement from the head of an automaker that's been fairly optimistic about affordable EVs. As reported by Reuters, Barra told conference attendees that EV battery costs are still too high to build...