The electric vehicle market is evolving rapidly, providing a mixture of excitement and frustration for both enthusiasts and curious customers. The Drive Green team is well entrenched in the day-to-day development of the automotive market, and we are here to provide you with a comprehensive update in our new quarterly blog series called car parking. While the electric vehicle (EV) market has certainly improved since the peak of the COVID-19 pandemic, it’s important to understand that issues with lead times still exist, ranging from supply chain issues to manufacturing delays. car parking It will be a valuable resource for consumers, as we’ll navigate through the maze of misinformation and share important market updates, new EVs to look out for, shifts in state rebates, and some insider tips from dealers.
Current media reports about the electric vehicle scene can be confusing and contradictory. There are many misleading articles that will tell you that all electric cars are widely available and waiting for consumers at dealers, but the reality is more complex and depends on the model. Based on some of our research, here are some models that are more readily available and some that require longer lead times.
This crossover SUV is a big step up in quality from the Nissan Leaf, but the improved range, more capacity and newer technology all come with a starting price of $43,190. The Ariya has a range of up to 304 miles and offers standard DC fast charging. Models are readily available on a lot of dealers. Unfortunately, Arya is not eligible for Federal tax credit.
Ford Mustang Mach E
Mustang Mach-Es are easy to get and many dealers offer attractive incentives. The Mustang Mach-E is also eligible for a $3,750 federal tax credit, making this model even more attractive. The Mach-E starts at $42,995 and offers a range of 226 to 312 miles, depending on the model, with standard DC fast charging.
Kia’s latest electric car, the EV6, Shows the brand’s commitment to innovation, with futuristic design and Advanced technology. This crossover is expected to become a major player in the electric vehicle arena. Models can be purchased easily, without any lead time and many models are available from many distributors. Unfortunately, the EV6 doesn’t qualify for the federal tax credit. The EV6 starts at $42,600 and offers a range of up to 310 miles.
Hyundai Ioniq 5 and 6
Both the Hyundai IONIQ 5 and 6 are available at most dealerships for immediate purchase. These are retro inspired Models offer versatility and affordability. The IONIQ 5 is a large hatchback starting at $41,450 with a range of 220 to 303 miles, depending on model. The IONIQ 6, a midsize sedan, starts at $41,600 with a range of 240 to 361 miles, depending on model. However, neither form is eligible for the federal tax credit.
Genesis is a new car brand that offers luxury models based on the Hyundai platform. The GV60 is the most luxurious model on this list, and also the most expensive with a base price of $59,290. The base model has a range of 248 miles and the Performance model will offer just 235 miles, but with an increase in horsepower. GV60 is not eligible for the federal tax credit.
Volkswagen’s ID.4 represents the company’s dedicated push into the electric vehicle segment. As the first model in Volkswagen’s all-electric ID range, the ID.4 offers spacious interior space, a stylish exterior and the practicality that the brand is known for, with a range of up to 275 miles. Pricing for the ID.4 starts at $38,995 with several attractive lease deals. Many models are currently available for same day purchase in Massachusetts and Rhode Island. Additionally, the ID.4 is eligible for the full $7,500 federal tax credit.
Tesla Model 3 and Model Y
No discussion of electric vehicles is complete without mentioning Tesla. The Model 3, with its combination of range, performance and cutting-edge technology, continues to set the standard for electric vehicles and remains a top choice among EV enthusiasts. The Model 3 recently dropped its price, making this electric vehicle more attractive and accessible, with quick lead times and many more models in showrooms. The Model 3 starts at $38,990 and comes with a starting range of 272 miles. The Model Y, an SUV model, is similarly attractive with a base price of $43,990 and a starting range of 260 miles. Model 3 and Model Y are also eligible for the full $7,500 federal tax credit. A new Model 3 has been announced for 2024, which has a strong possibility of getting a tax credit reduction of just $3,750.
Longer waiting times:
It is important to realize that not all electric vehicles are readily available for purchase. Some models, although promising, come with longer lead times due to various factors. Here are some notable EVs with expected longer wait times.
Chevrolet Bolt and Bolt EUV
The Chevrolet Bolt has attracted attention for its affordability and practicality, with pricing starting at $26,500. A small SUV, the Bolt EUV offers more practicality and space. However, demand has outstripped supply for this compact electric vehicle, resulting in longer lead times for those looking to get their hands on one. If you’re considering purchasing a Bolt, be prepared to be a little patient and understand that orders placed now or in recent weeks may not be filled. Chevrolet announced that the current Bolt will be replaced by a new model in 2024, based on the company’s new model. the last platform.
Ford F-150 Lightning
The Ford F-150 Lightning, an electric version of the popular pickup truck, has generated tremendous excitement since its announcement. With their amazing towing capacity and electric capabilities, it’s no wonder they’re in high demand. Ford also recently F-150 Lightning price reduction For about $10,000, starting at $49,995. However, this high demand has led to longer lead times, as Ford works to meet the expectations of eager customers.
The BMW i4 is popular among electric cars because of its combination of electric performance, upscale interior design, and starting price of $52,200. Currently, demand is outpacing production and longer lead times exist, especially for the most expensive base trim level, the eDrive35, which can take upwards of 6 months to reach a custom order. BMW has also launched an all-new electric car, the BMW i5, which offers a roomier and more luxurious interior, but at a higher price.
For more information about these individual cars please visit our website Shopping tool Which provides all kinds of information about specific electric vehicles, such as range, charging speed, and various state and federal incentives and tax credits.
We’re also excited to share some exciting electric vehicles on the horizon that consumers should keep on their radar. Manufacturers are constantly announcing new and exciting electric vehicles that they are adding to their lineup. Some of these models are never produced, so be sure to carefully research the veracity of new model claims. All models below have been confirmed by their manufacturers and will be available next year. Verify video About the new electric cars coming out later this year and in 2024!
- GM’s new Ultium platform is set to debut several new vehicles, including Chevrolet Silverado EV, Blazer EV, Equinox EV, And the New store. Keep in mind that some of these models may have intermittent releases, which may affect initial price estimates. Although there is real excitement surrounding these models, it is necessary to take into account potential delivery delays and price adjustments. These cars will also be eligible for the full federal tax credit, so be sure to keep that in mind when budgeting.
- the Volvo EX30, with a starting price of $34,950, is making big news in the world of electric vehicles. This small SUV will be affordable and practical, with a range of up to 275 miles and an 80% fast charge in less than half an hour. The car is available for pre-order and is expected to be delivered next summer.
- the Volkswagen ID.Buzz It is expected next summer. This truck will be able to accommodate seven passengers and its price is estimated at only $40,000. The ID.Buzz will have a range of 260 miles and can charge up to 80% in half an hour. This will be the first all-electric passenger car available for purchase in the United States.
Shipping News: North American Standard Shipping and more!
One of the pivotal changes in the electric vehicle landscape is the evolution of charging infrastructure. Tesla’s network of Supercharging stations, using the North American Standard Charging Port (NACS), with more than 12,000 chargers Partnership With the following manufacturers:
|The Transformers will be introduced in 2024 and models will come standard with NACS in 2025.
|Fisker, Ford, General Motors, Mercedes-Benz, Nissan, Polestar, Volvo
|Starting in 2025, vehicles will move to NACS charging ports and adapters will be provided for older models.
|Acura, BMW, Genesis, Honda, Hyundai, Jaguar, Kia, Lexus, Lucid, Rivian, Toyota
Currently, only Volkswagen Group (Volkswagen, Audi, Porsche, Bentley), It has not agreed to offer a NACS port on its future vehicles, but this will likely change in the future.
Another major partnership It has been announced among seven automakers to build an electric vehicle charging network in North America that offers both NACS outlets and Combined Charging System (CCS) plugs. These automakers include BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis (Alfa Romeo, Chrysler, Dodge, Jeep, Ram, and Maserati). The joint venture will install at least 30,000 high-speed electric vehicle chargers across the country by 2030, with the first chargers scheduled to open next summer. This grid will be a major competitor to Tesla’s superchargers, with a plan to make all energy sources fully renewable. This collaboration represents an important step towards addressing range anxiety and making electric vehicle ownership more convenient.
MA & RI State Discounts Updates
State incentives were recently updated in both Rhode Island and Massachusetts.
Rhode Island reinstated its work Driving an electric car The rebate program, which will give $1,500 for qualifying new electric vehicles and an additional $1,500 for those in the eligible state or federal income-qualified program. The program has faced some funding issues in recent months and, as a result, has had to shut down for some time. From October 3, 2023the program received an additional $1.25 million in funding, and is up and running again.
the Mother Eve The program in Massachusetts is now certified at point-of-sale at participating dealers. There is also an additional rebate of $1,500 for drivers in income-eligible programs. Furthermore, MOR-EV will include used electric vehicles that are priced under $40,000 but have income requirements. For more information, see our Blog post.
As we navigate the evolving electric vehicle landscape, it’s important to stay informed, question misleading media narratives, and familiarize yourself with the realities of inventory, pricing, and delivery timelines. The electric vehicle market is changing rapidly, and new opportunities are on the horizon. As manufacturers work to address supply chain challenges and streamline production, consumers can look forward to a host of new electric vehicles entering the market. So, keep your eyes peeled for updates, stay tuned to our website, and be sure to check out our Webinar on new and upcoming electric vehicles.