{"id":34539,"date":"2025-10-08T09:01:42","date_gmt":"2025-10-08T09:01:42","guid":{"rendered":"https:\/\/agooka.com\/news\/usa\/automakers-are-getting-creative-with-how-to-sell-evs-in-the-post-tax-credit-era\/"},"modified":"2025-10-08T09:01:42","modified_gmt":"2025-10-08T09:01:42","slug":"automakers-are-getting-creative-with-how-to-sell-evs-in-the-post-tax-credit-era","status":"publish","type":"post","link":"https:\/\/agooka.com\/news\/usa\/automakers-are-getting-creative-with-how-to-sell-evs-in-the-post-tax-credit-era\/","title":{"rendered":"Automakers are getting creative with how to sell EVs in the post-tax credit era"},"content":{"rendered":"<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/68e5c0e71c1f80efbec5211a?format=jpeg\" alt=\"Tesla dealership\"\/><figcaption>Tesla unveiled a lower-cost version of its Model 3 and Model Y a week after the $7,500 tax credit in the US expired.<\/p>\n<p>Kevin Carter\/Getty Images<\/p>\n<\/figcaption><\/figure>\n<ul>\n<li>Automakers are rethinking how to sell their EVs in the US with the end of the $7,500 tax credit.<\/li>\n<li>Tesla unveiled lower-cost, stripped-down trims of the Model 3 and Model Y.<\/li>\n<li>Other automakers are either offering discounts or killing EV models outright.<\/li>\n<\/ul>\n<p>EV tax credit season is over. Federal support for EV discounts is gone. Now, automakers are charting their own paths to sell you an electric vehicle.<\/p>\n<p>With the sunsetting of the $7,500 tax credit on September 30, car companies are coming up with other ways to entice the US EV buyer \u2014 or re-thinking their path to electrification entirely.<\/p>\n<p>On Tuesday, Tesla unveiled a lower-cost version of its popular Model 3 and Model Y vehicles, which removes features such as power seats, FM\/AM radio, and Tesla&#039;s driver-assistance software, Autopilot. The trade-offs amount to about a $5,000 price reduction.<\/p>\n<p>Meanwhile, other legacy automakers are offering discounts on existing EV models.<\/p>\n<p>As of Tuesday, Hyundai was advertising on its website a $11,000 cash back incentive for select trims of the 2025 Ioniq 5.<\/p>\n<p>Ford and General Motors are also exploring ways to extend the $7,500 tax credit by allowing down payments on EVs at dealer lots, according to a Reuters report.<\/p>\n<p>Spokespeople for Tesla, Hyundai, Ford, and GM did not respond to a request for comment.<\/p>\n<p>Ivan Drury, director of insights at Edmunds, told Business Insider that the end of the tax credits has shown how &quot;creative&quot; automakers are trying to get to sell their cars.<\/p>\n<p>&quot;The overarching message of tax credits going away for EVs has had a very different set of approaches from each automaker,&quot; Drury said. &quot;Which approach will be most successful? Debatable.&quot;<\/p>\n<p>However, Drury notes that these discounts are not intended to increase EV sales, but rather to sustain them.<\/p>\n<p>&quot;Nobody&#039;s looking to increase. That&#039;s cuckoo talk at this point,&quot; he said. &quot;You just want to maintain that basic level of sustainable sales, and this is the different methodologies that each of them have taken.&quot;<\/p>\n<p>Some of the same automakers extending discounts are also pumping the brakes on the EV revolution \u2014 killing new models before they could even touch a dealer lot. They&#039;ve called it a moment to re-strategize.<\/p>\n<p>Last month, Stellantis announced that it would discontinue production of the Ram REV 1500, a full-sized electric pickup truck, citing slowing demand in North America.<\/p>\n<p>&quot;Stellantis is reassessing its product strategy,&quot; the company said in the announcement.<\/p>\n<p>Acura confirmed to Business Insider in late September that it would discontinue production of its ZDX, an all-electric SUV. The move was in part to better align with Acura&#039;s &quot;long-term strategic goals,&quot; a spokesperson said at the time.<\/p>\n<p>Notably, Acura will still move forward with the revival of the iconic RSX nameplate with an all-electric, compact SUV variant. It&#039;s set to launch in the US in the second half of 2026.<\/p>\n<p>How much the lower-cost EVs will prop up sales for automakers is unclear, Drury said.<\/p>\n<p>&quot;We&#039;re going to have to give that a few months,&quot; he said. &quot;They&#039;ve each taken such a different route.&quot;<\/p>\n<p>Read the original article on Business Insider<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla unveiled a lower-cost version of its Model 3 and Model Y a week after the $7,500 tax credit in the US expired. Kevin Carter\/Getty Images Automakers are rethinking how to sell their EVs in the US with the end of the $7,500 tax credit. Tesla unveiled lower-cost, stripped-down trims of the Model 3 and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34540,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":{"0":"post-34539","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usa"},"_links":{"self":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/34539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/comments?post=34539"}],"version-history":[{"count":0,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/34539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media\/34540"}],"wp:attachment":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media?parent=34539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/categories?post=34539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/tags?post=34539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}