Valued at $5,000 per electric vehicle, the federal government’s subsidy on electric vehicles, known officially as the Incentives for Zero-Emission Vehicles Program, racked up $87.8 million in spending between January and June of 2022 on EVs alone. That excludes the impact of the program on plug-in hybrid electric vehicles, which vary between $2,500 and $5,000 in applicable rebates and attracted 10,263 recipients.
As of mid-2022, participation in the federal program requires a passenger car to hit the market with a base MSRP under $55,000, although vehicles in the same model line can be priced up to $65,000 and still qualify. For SUVs, pickups, and vans, those figures rise to $60,000 and $70,000, respectively.
Regardless, we’re excited to be able to reveal which vehicles currently control the so-called affordable electric vehicles market. In an industry where the
drivingdotca 'the Kia Soul EV is the most affordable of the Korean crew. Priced from $42,995 ' 'Affordability is now more of a Leaf hallmark than ever before – 2023 pricing starts just under $40,000.' 🙄
drivingdotca Never buying one
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