Tesla Looks to Boost Model Y Sales with Threats of Nearing Price Increases

The Tesla Model Y is a wildly popular EV on the global stage, but the automaker is still looking for ways to boost sales and keep it relevant. As we approach the end of the first quarter of 2024, Tesla is pushing the Model Y with a message that prices will increase on April 1 in hopes that the threat of higher purchase price s will drive buyers to act in the next two weeks.

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Notable Updates are Coming to the VW ID.4 for 2024, but Only the More Expensive Models

Volkswagen has sold tons of ID.4s, but the EV is getting an update heading into the 2024 model year to keep it current. Changes include more tech, new advanced driver assistance features, but they’re limited to higher, more expensive trim levels.

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The Nissan Leaf is Eligible for a $3,750 Tax Credit Again

The Nissan Leaf was already the most affordable EV on sale, but recent changes have made it even cheaper. The automaker announced that the car has regained eligibility for federal tax credits, though for only half of the maximum $7,500.

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The Updated Tesla Model 3 is Available in North America

After several months of spy shots and looking at the updated Tesla Model 3 in European markets, the car is finally available in North America. Tesla added the car to its online configurator without much fanfare, but there are plenty of changes to the automaker’s popular sedan.

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GM Will Discount Models Not Currently Eligible for $7,500 Tax Credit

The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. Most GM models failed to make the cut, at least temporarily, and the automaker is offering $7,500 compensatory discounts to keep sales flowing.

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EV Tax Credit Changes: Ford Mustang Mach-E Unlikely to Qualify in 2024

Earlier this year, the rules around EV tax credits seemed to be changing every other week. While things have calmed down since then, we’re about to see more action on the topic, as the Treasury recently released new guidance on battery materials sourcing that will upend credits for some EVs. The Ford Mustang Mach-E is one of them, as it may lose the partial credit it currently qualifies for.

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EV Tax Credit Changes Have Shuffled EV Sales Rankings

Changes in the EV tax credit rules have been confusing and made it hard to determine which cars are eligible for credits. Some automakers argued that the rules would unfairly harm their business and ability to compete, and we’re now starting to see how some of the changes are shaking out. Automotive News reported that the top eight EVs in the U.S. in January were built in North America, while Hyundai and Kia fell back.

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U.S. Treasury Bows to Industry Pressure On EV Tax Credit Scheme

The United States Department of the Treasury appears to have caved after receiving sustained pressure from the auto lobby, modifying how vehicles are classified in the updated EV tax credit scheme in a manner designed to make more vehicles eligible. Rather than leaning on Corporate Average Fuel Economy (CAFE) standards, the Treasury has said it will instead use the Environmental Protection Agency’s (EPA) Fuel Economy Labeling standard to determine when a vehicle is an SUV, pickup, sedan, or van.

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Tesla Quietly Bumps Model Y Prices by $500 After Slashing Thousands Off the MSRP Earlier This Year

Tesla made waves when it slashed prices earlier this month, but it appears the fluctuations aren’t finished. The automaker cut Model Y prices by $13,000 earlier in January but recently re-raised the price by $500.

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Sen. Manchin Proposes Bill to Force Treasury to Finalize EV Tax Credit Guidance

Despite the United States having an entirely new EV tax credit scheme under the so-called Inflation Reduction Act (IRA), there’s nobody adhering to it right now. That’s because the Treasury Department decided to delay issuing specific guidance on battery matters until March, nullifying any restrictions based on content requirements. While this means more automakers have been able to take advantage of government subsidies, it also means they haven’t been required to follow any of the stipulations outlined in the IRA for 2023.

Senator Joe Manchin (D-WV) believes this is unacceptable and has advanced legislation that would effectively force the U.S. Treasury to do its job.

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Japan Says America’s Updated EV Tax Credits Are Illegal

Following the passing of the U.S. “ Inflation Reduction Act,” South Korea came to the defense of Hyundai Motor Group to urge America to postpone things until the automaker completed a facility in Georgia intended to manufacture all-electric vehicles. Hyundai chairman Chung Eui-sun had reportedly expressed serious concerns that revamping and renewing the EV credit scheme disproportionately advantaged certain manufacturers – sending the Korea Automotive Industry Alliance into lobbying overdrive.

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Automakers Still Dissatisfied, Lobbying Continues


Automakers are growing concerned about the future now that it looks like people have finally reached their breaking point in regard to elevated vehicle pricing. While the industry is citing inflation in the general sense, the truth of the matter is that companies’ own inability to manufacture vehicles and parts at anything approaching a normal pace resulted in price increases that vastly outpaced the devaluation of your preferred currency. This was made far worse by dealerships affixing their own markups to just about every model that compares favorably to walking. 

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U.S. Senate Preps More Money for Auto Industry


Senate Democrats have settled on how to funnel more money into the automotive sector using all-electric vehicles and environmentalism. Majority Leader Chuck Schumer and West Virginia's Joe Manchin have reportedly agreed on a proposal that would expand the $7,500 tax credit for EVs while also introducing a new $4,000 subsidy for used models.


But that's just to kick things off. The legislative package is likewise said to include $369 billion that's been earmarked for climate and energy spending. For automakers, that means massive financial help from the government whenever they want to convert their existing factories into the kind that build all-electric vehicles. Though it may not be limited to EVs, as the updated language now makes fuel cell vehicles similarly eligible for the proposed industry subsidization.


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White House Invites Auto Execs to Endorse Build Back Better

The White House has made plans to host American business executives — including numerous CEOs tied to the automotive sector — in an effort to gain support for the stalled Build Back Better agenda. The meeting is scheduled to take place today, with President Joe Biden and company hoping to convince them to get behind the (revised) $1.75 trillion spending bill after it passed in the House but never made it through the Senate.

Seats have already been reserved for General Motors CEO Mary Barra, Ford CEO Jim Farley, and Cummins CEO Tom Linebarger. The rest are going to heads of manufacturing and technology companies, with a few noteworthy outliers. For example, the Biden administration has also invited the president of the Teachers Insurance and Annuity Association of America and the CEO of Siemens (a multinational entity that’s not based in the United States). Based on earlier statements from White House press secretary Jen Psaki, the meetings will take place in-person, bucking the Biden administration’s trend of hosting virtual events.

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Toyota Nearing Federal EV Tax Credit Quota

Toyota Motor Corp. looks to be the next automaker that will have exhausted its allotment of EV tax credits for the U.S. market.

While the quota for $7,500 rebates has already been reached by Tesla and General Motors, Toyota is closing in with 190,000 plug-in sales of its own. The government has limited federally backed incentives to just 200,000 vehicles per manufacturer. Once the Japanese manufacturer reaches that limit, credits go into a cool-down period where it can continue benefiting from the full sum six months after the relevant quarter ends. From there, incentives will be halved for the next two quarters until the company is no longer eligible.

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  • MaintenanceCosts It's not a Benz or a Jag / it's a 5-0 with a rag /And I don't wanna brag / but I could never be stag
  • 3-On-The-Tree Son has a 2016 Mustang GT 5.0 and I have a 2009 C6 Corvette LS3 6spd. And on paper they are pretty close.
  • 3-On-The-Tree Same as the Land Cruiser, emissions. I have a 1985 FJ60 Land Cruiser and it’s a beast off-roading.
  • CanadaCraig I would like for this anniversary special to be a bare-bones Plain-Jane model offered in Dynasty Green and Vintage Burgundy.
  • ToolGuy Ford is good at drifting all right... 😉