Prices for Mustang Mach-E, Kia EV9, expensive EV leases, CARB and EV tax credit shape the future: The week in reverse

Which controversial option on Tesla vehicles received a price increase this week?

Which electric vehicle manufacturer announced this week that its technology would be used in personal watercraft?

Here’s our look back at the week inside out – right here at Green Car Reports—for the week ending August 26, 2022.

Some of the biggest news of the week has remained firmly in the electric vehicle policy corner, as federal and California policy set this week and last will potentially shape the vehicle market for decades.

California announced its official 2035 end date policy for gas-powered vehicles on Thursday — and it’s likely the electric vehicle targets included in its Advanced Clean Cars II rules will extend far beyond the state. , to a dozen or more others who have adopted its vehicle emissions standards. A few days earlier, Toyota announced it was no longer challenging California and its Air Resources Board over the state’s authority to set its own stricter vehicle emissions standards.

And we expect the Cut Inflation Act and its revamped federal electric vehicle tax credit to bring a number of changes to manufacturing at automakers as they realign assembly plans. and supply for more electric vehicles built in the United States. Hyundai, which was among the disqualified automakers, is reportedly considering rolling up the schedule for electric vehicle production in the United States.

Fisker Ocean 2023

Fisker said it was exploring ways to expand production of the upcoming Ocean electric SUV beyond its initial maximum of 50,000 units per year. That could mean making the Ocean in the US, a move that would make the model, which starts at $37,499, eligible for the EV tax credit again.

Mercedes-Benz and Volkswagen have turned to Canada for raw materials essential to the production of EV batteries. This decision likely has a lot to do with recent supply chain-related eligibility requirements for the electric vehicle tax credit in the coming years.

2023 Ford Mustang Mach-E

2023 Ford Mustang Mach-E

The 2023 Ford Mustang Mach-E electric SUV is seeing a price hike of up to $8,300 from 2022, with Ford pointing to material costs and supply chain issues. Most Mach-E buyers will be able to claim the $7,500 tax credit at least for the rest of the year, while many other models are disqualified.

The upcoming Kia EV9 electric SUV will offer all-terrain 4WD and three-row seating prowess in its US production form, the brand confirmed this week. With the focus on the outdoors, the EV9, which is expected to arrive in the second half of 2023, could become a slightly more affordable alternative to the Rivian R1S.

Kia EV6 GT 2023

Kia EV6 GT 2023

Kia has also confirmed US market details for the faster and more powerful version of the EV6. The 2023 Kia EV6 GT will have 576 hp and boasts acceleration and top speed numbers that narrowly beat the Tesla Model Y Performance. Although there is no confirmation of the range or price of the sticker yet.

Tesla raised the price of its Full Self-Driving option to $15,000 effective Sept. 5, a move that coincides with the expansion of its controversial beta testing to city streets.

China’s BYD is entering the European market on several fronts. Earlier this month it detailed how it plans to sell its passenger vehicles in Germany, Sweden and beyond; and it also reportedly recently delivered its Blade batteries to Tesla’s Giga Berlin for installation as early as late August.

Audi Activesphere concept teaser

Audi Activesphere concept teaser

At recent Monterey Car Week activities, Audi showed off a first look at its Activesphere rugged electric crossover concept that will be fully unveiled in early 2023. Its goal is “maximum variability for an active lifestyle, both on and off the sidewalk.

According to recent Department of Energy estimates, each electric vehicle on the U.S. market costs less than $1,000 for “fuel,” i.e. charging electricity, compared to $2,000 to $7,000 for most gasoline models. Hybrids and plug-in hybrids occupy a middle ground.

From left to right: Polestar 2, Polestar 3, Polestar 4 and Polestar 5

From left to right: Polestar 2, Polestar 3, Polestar 4 and Polestar 5

Battery and charging technology from electric vehicle maker Polestar will be used in Candela’s electric airboats that use 80% less power at high speeds than traditional powerboats.

BMW, Ford and General Motors are helping a California utility incentivize electric vehicle drivers to charge during favorable times, which will put less strain on the grid and benefit from lower electricity rates.

2022 Ford F-150 Lightning

2022 Ford F-150 Lightning

And last weekend, we reported that rental prices for electric and plug-in hybrid vehicle models have skyrocketed in recent days. This trend also comes back to the tax credit, mainly because many models that until recently were eligible for the electric vehicle tax credit no longer do, and captive finance companies mostly pass it on to the consumer. .

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