EV Tax Credit Breakdown, F-150 Lightning Price Hike, Used EV Prices, Tesla FSD Pushback: The Week in Reverse
Which super-efficient electric vehicle went stealth?
Who called Tesla’s Full Self-Driving irresponsible this week?
Here’s our look back at the week inside out – right here at Green Car Reports—for the week ending August 12, 2022.
We paid a lot of attention to the $7,500 Electric Vehicle Tax Credit, part of the Cut Inflation Act, when it passed Congress this week, from a surprise pass to Senate last Sunday to a deciding vote in the House on Friday. Earlier in the week, we looked at how its cap on vehicle prices, at $55,000 for cars and $80,000 for pickups and SUVs, could put pressure on automakers to produce vehicles. more affordable electricity. Next, we took a close look at the wording of the legislation, which contains no provision extending the “old” electric vehicle tax credit to purchases for the rest of the year. With the exception of a lucky few who make binding and advantageous contracts to buy an electric vehicle before President Biden signs the bill, it will likely disappear completely for the rest of the year.
And that’s not the only controversial thing about the bill. The European Union is now claiming that by prioritizing US-made content, it could break WTO rules and discriminate against European manufacturers.
2022 Ford F-150 Lightning
Ford raised prices for the 2023 F-150 Lightning by at least $7,000 over 2022, or 17.5% at the base level, while the EPA’s estimated range with the standard 98 kWh battery increases by 10 miles, to 240 miles.
Lucid tapped into the trending dark trim look with its Stealth Look trim for the Air electric sedan. It claims to counter the platinum look with 35 different trim pieces and new wheel designs available for all but the base Air Pure.
Meyers Manx 2.0 Electric
The designer of the original Volkswagen New Beetle and Audi TT is behind the new electric version of the Meyers Manx dune buggy. Simply called the Meyers Manx 2.0 Electric, it retains most of the simple charm of the original design, but with its 0-60mph performance in 4.5 seconds and up to 300 miles of range, there’s clearly more to sophistication below.
An analysis of listing prices revealed that hybrid and electric models drive used car market prices higher in the used car market. Year-over-year, used electric vehicles were 56.7% higher in July, and used hybrids were 30.5% higher. In the overall market, used car prices increased by around 11%.
Hyundai Ioniq 5 2023
An in-depth TransUnion study of millions of transactions found that, on average, EV buyers have significantly better credit scores than ICE car buyers. Plus, they’re less likely to take on that much debt, even if they put down a bigger down payment.
Electrify America will equip retail giant IKEA with two types of chargers: DC fast chargers for the public, up to 350 kW, and other chargers for its electric vehicle delivery drivers.
Arrival car prototype
UK startup Arrival is struggling financially, leading to a company reorganization that reportedly scrapped plans to produce an affordable electric vehicle for Uber. Although the company refrained from confirming it in a financial update, the previous report also questioned its electric bus project, although the electric van still has wings.
The company Autonomy invested last week as proof that its electric vehicle subscription service will extend far beyond Tesla vehicles and potentially California. It revealed details of its $1.2 billion fleet order, covering 45 electric vehicle models from 17 automakers — yes, even Canoo, which was originally meant to be offered by subscription. All elements of the order are expected to be delivered over the next 18 months and add up to 1.2% of planned U.S. electric vehicle production during that time.
Canoo lifestyle vehicle
And Tesla this week faced increased pushback from multiple directions on its Autopilot and full self-driving systems. One of them, consumer safety advocate and former presidential candidate Ralph Nader, this week called on federal regulators to order the removal of Tesla Full Self-Driving from all of its vehicles. He called it “one of the most dangerous and irresponsible actions by an automaker in decades.”