The VW ID.4 is eligible for the full $7,500 EV tax credit. Tesla cut prices on the Model 3 and Model Y yet again. And Jaguar and Land Rover get a fresh charge for EVs. This and more, here at Green Car Reports.
As part of an announcement confirming an $18.7 billion investment in Jaguar and Land Rover EVs over five years, Jaguar Land Rover confirmed an electric architecture for Range Rover SUVs, including a “medium-size” Range Rover EV it will start taking orders for later this year. It also announced the first of three new Jaguar electric models—a “4-door GT” due to cost about $125,000, with more power than any previous Jaguar and a targeted range (WLTP) of 430 miles.
Volkswagen on Wednesday confirmed that the 2023 VW ID.4 is eligible for the full $7,500 Clean Vehicle Credit. The model is made in Chattanooga, Tennessee, with U.S. battery sourcing. Rivian has also confirmed its 2023 R1S and R1T on the IRS’s list of tax-credit-eligible models.
And Wednesday brought another round of Tesla price cuts—its sixth yet this year—bringing the price of most Model 3 and Model Y versions down by $2,000 and $3,000, respectively. These cuts arrived less than a day before Tesla’s presentation of quarterly financial results to analysts and shareholders.
_______________________________________
Green Car Reports Newsletter
Sign up to get the latest green car and environmental news, delivered to your inbox daily!
I agree to receive emails from Green Car Reports. I understand that I can unsubscribe at any time. Privacy Policy.
I have been following Tesla for a few years now and have been impressed with their technology and innovation. I was therefore disappointed to see that they have been cutting prices so frequently this year. It seems to be a desperation move to try and boost sales. I hope they can turn things around soon.
I was really interested in buying a Tesla Model 3, but when I saw the prices dropping so much, I decided to wait a bit longer. I’m glad I did, because now I can get the car I want for $2,000 less than before. I’m still not sure when I’ll buy it, but it’s good to know that the price is dropping.
I have not had any personal experience with Tesla’s price cuts, but I think it’s interesting that they keep happening. It’s almost like Tesla is trying to stay competitive with other electric car companies by constantly reducing prices. I wonder if this strategy is sustainable in the long run.