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Cars: Unusual loophole helps car buyers get into a new EV for less money

The Detroit 3 had an advantage under the initial Inflation Reduction Act to offer consumers a tax credit on EVs. Now, a loophole helps foreign makes.

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Cars

Sat Jul 8 2023

 
Learning to charge an EV is comparable to learning how to pump gas for the first time – electric car chargers are designed to be easy to use.

The Detroit 3 had an advantage under the initial Inflation Reduction Act to offer consumers a tax credit on EVs. Now, a loophole helps foreign makes.

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Car dealerships in Metro Detroit on Friday, Oct. 28, 2022.   Many dealership websites have a problem with 'ghost inventory.'   They will list a vehicle for sale on the website but when a customer goes to buy it, the it does not exist leading to many disappointed and frustrated customers. Close to 30 to 40% of inventory on sites are ghosts.
 
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Experts are paying close attention to auto stocks

Talk of economic gloom and doom last summer — and early in 2023 — seems to be dwindling. And that's good news for auto sales and auto stocks.

The 2023 Honda Civic (shown here) is among 386 vehicles the automaker is recalling for a brake issue.
 

Honda recalls 124,000 vehicles for brake issue, including Civic, Pilot

Certain years of the Honda Civic, Ridgeline, Passport, Pilot and Acura MDX are all included in the recall.

FILE - In this May 19, 2019, file photo, a line of unsold 2019 Tucson sports-utility vehicles sits at a Hyundai dealership in Littleton, Colo. With the cost to own a new vehicle rising, it's more important than ever to consider what youâ??ll pay for a car loan and to shop for the best interest rate. (AP Photo/David Zalubowski, File)
 

Why the cost of buying a new car just soared

The number of car buyers paying $1,000 a month in auto loan financing has hit an all-time high, driven up by car shortages and high interest rates.

 2019 Ford Fusion
 

Check recalls: Ford, BMW and Porsche among 15,000+ vehicles recalled

About 15,600 vehicles from Ford, Lincoln, BMW and Porsche were recalled last week; 14,452 were Ford Fusion Plug-in Hybrid EVs for a battery issue.

2024 Jeep Wrangler Willys
 
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I never thought I'd say this about a Jeep Wrangler | Car review

Wrangler added laminated glass, insulating foam and other goodies to reduce noise inside the cabin by a whopping 5 decibels.

Alef Aeronautics revealed in late June 2023 its flying car "Model A" is now available for preorder and will soon hit the road − and sky.
 

World's first flying electric car gets FAA approval

Alef Aeronautics' 'Model A' has a driving range of 200 miles and a flight range of 110 miles. The company plans to start delivering cars by late 2025.

Ford partnered with W.S. Darley Co., of Illinois to create a high-tech Bronco firefighting command rig to assist with wildfire communications among first responders. The automaker donated the vehicle to the National Park Service for use in  Bandelier National Monument near Los Alamos, New Mexico on Wednesday, June 28, 2023.
 
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This Ford Bronco comes with a drone and it's going on wildfire duty.

The highly customized Bronco SUV to help emergency wildfire crews, is going to Bandalier National Monument.

Stellantis says a new business unit focused on electric vehicle charging will benefit customers like those who drive the company's popular Jeep Wrangler 4xe plug-in hybrid electric vehicle.
 

Jeep-parent Stellantis launches business unit to ease charging anxiety

The unit will manage a service called Free2move Charge to deal in everything from home charging wall boxes to public charging network aggregation.

Evan Burroughs, who touts the virtues of an Oregon pilot program that charges motorists by the distance their vehicle travels rather than the gas it uses, displays a tracking device the program uses, in Salem, Ore., on Wednesday June 21, 2023. U.S. states are experimenting with road usage charging programs aimed at one day replacing motor fuel taxes, which are generating less each year, in part due to fuel efficiency and the rise of electric cars. (AP   Photo/Andrew Selsky)
 

States rethink fuel tax as revenue plummets thanks in part to EVs

Without action, the gap between states' gas tax proceeds and their transportation budgets could reach $67 billion by 2050, according to one estimate.

 

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