EV Daily | California May Exclude Tesla from State EV Rebate Amid Federal Tax Credit Debate
Wednesday, Nov 27, 2024 7:00 am ET
2min read 【Tesla】
California is considering excluding Tesla from a new state EV tax rebate if the federal EV tax credit is ended by President-elect Donald Trump. Tesla CEO Elon Musk supports ending the federal credit but opposes Tesla's exclusion from the state rebate, arguing it would harm Tesla's position as the only EV manufacturer in California, potentially leading to job cuts in the state. Despite this, Musk believes the long-term benefits outweigh the immediate impact. Reports indicate Tesla is lobbying for the removal of the federal tax credit, while California aims to promote market diversity by excluding dominant players like Tesla. Meanwhile, Tesla’s Model Y remains the best-selling EV in Norway through October 2024 with nearly 13,500 units sold, followed by Volvo, Volkswagen, and Tesla’s Model 3.
【BYD】
BYD launched its first pickup truck, the Shark PHEV, in several Latin American countries, and its new Sealion 07 midsize electric SUV in European markets. The Sealion 07, with its striking design and advanced features, offers a range of up to 379 miles and is now available in Norway priced at approximately $42,200. BYD's expansion in Europe includes the Sealion 07's recent market entry, emphasizing the company's drive to extend its influence and compete with models like the Tesla Model Y and Volvo EX30.
【Others】
Porsche is shifting its strategy back to gas and hybrid vehicles amid declining EV sales. Despite launching the upgraded Taycan, the brand sees stronger demand in traditional combustion engine cars and plans to refresh models like the Panamera and Cayenne. Porsche is also introducing the electric Macan and Cayenne to bolster its EV lineup. Kia launched the upgraded EV6 GT in Korea, enhancing its performance to 650 hp while maintaining its competitive pricing. The EV6 GT, recognized for its impressive specs, marks Kia's commitment to electric sports cars, offering a balance of power and affordability compared to high-end brands. Dodge has introduced the Charger Daytona EV with 0% APR financing, making it more affordable than its gas-powered predecessor. The electric muscle car boasts impressive performance, with the Scat Pack model offering substantial power upgrades, and the base R/T providing competitive pricing and lease options. Lotus is pivoting to extended-range plug-in hybrids, aiming to meet a sales target of 30,000 by 2026. The company plans to introduce hybrid models to align with luxury market preferences, overcoming challenges with all-electric offerings. Rivian's new R1 Tri-Motor vehicle offers a balanced performance with 850 horsepower, positioned between its dual and quad-motor options. Despite not revolutionizing its lineup, Rivian continues to enhance its vehicles' capabilities, focusing on utility and customer satisfaction. California's UCLA is transitioning its fleet to electric buses and implementing in-road EV charging technology, supported by a $20 million grant. This initiative aligns with the state's sustainability goals and prepares for the 2028 Olympic Games.
California is considering excluding Tesla from a new state EV tax rebate if the federal EV tax credit is ended by President-elect Donald Trump. Tesla CEO Elon Musk supports ending the federal credit but opposes Tesla's exclusion from the state rebate, arguing it would harm Tesla's position as the only EV manufacturer in California, potentially leading to job cuts in the state. Despite this, Musk believes the long-term benefits outweigh the immediate impact. Reports indicate Tesla is lobbying for the removal of the federal tax credit, while California aims to promote market diversity by excluding dominant players like Tesla. Meanwhile, Tesla’s Model Y remains the best-selling EV in Norway through October 2024 with nearly 13,500 units sold, followed by Volvo, Volkswagen, and Tesla’s Model 3.
【BYD】
BYD launched its first pickup truck, the Shark PHEV, in several Latin American countries, and its new Sealion 07 midsize electric SUV in European markets. The Sealion 07, with its striking design and advanced features, offers a range of up to 379 miles and is now available in Norway priced at approximately $42,200. BYD's expansion in Europe includes the Sealion 07's recent market entry, emphasizing the company's drive to extend its influence and compete with models like the Tesla Model Y and Volvo EX30.
【Others】
Porsche is shifting its strategy back to gas and hybrid vehicles amid declining EV sales. Despite launching the upgraded Taycan, the brand sees stronger demand in traditional combustion engine cars and plans to refresh models like the Panamera and Cayenne. Porsche is also introducing the electric Macan and Cayenne to bolster its EV lineup. Kia launched the upgraded EV6 GT in Korea, enhancing its performance to 650 hp while maintaining its competitive pricing. The EV6 GT, recognized for its impressive specs, marks Kia's commitment to electric sports cars, offering a balance of power and affordability compared to high-end brands. Dodge has introduced the Charger Daytona EV with 0% APR financing, making it more affordable than its gas-powered predecessor. The electric muscle car boasts impressive performance, with the Scat Pack model offering substantial power upgrades, and the base R/T providing competitive pricing and lease options. Lotus is pivoting to extended-range plug-in hybrids, aiming to meet a sales target of 30,000 by 2026. The company plans to introduce hybrid models to align with luxury market preferences, overcoming challenges with all-electric offerings. Rivian's new R1 Tri-Motor vehicle offers a balanced performance with 850 horsepower, positioned between its dual and quad-motor options. Despite not revolutionizing its lineup, Rivian continues to enhance its vehicles' capabilities, focusing on utility and customer satisfaction. California's UCLA is transitioning its fleet to electric buses and implementing in-road EV charging technology, supported by a $20 million grant. This initiative aligns with the state's sustainability goals and prepares for the 2028 Olympic Games.
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