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EV Tax Credit Halt, F-150 Lightning Price Hike, Used EV Prices, Tesla FSD Pushback: The Week in Reverse

Which Super Efficient EV Has Gone Stealth?

Who called Tesla’s fully self-driving move irresponsible this week?

It’s Week in Reverse—here’s our look Green Car Reports—For the week ending August 12, 2022.

We paid close attention to the $7,500 EV tax credit as part of the Inflation Reduction Act as it moved through Congress this week, from last Sunday’s unexpected Senate passage to Friday’s decisive House vote. Earlier in the week, we saw how its cap on vehicle prices of $55,000 for cars and $80,000 for pickup trucks and SUVs could put pressure on automakers to produce more affordable EVs. Then we looked closely at the language in the legislation, which has no provision for extending the “old” EV tax credit for purchases for the remainder of the year. Except for the lucky few who make binding, money-down contracts to buy an EV before President Biden signs the bill, it will go away entirely for the rest of the year.

And the bill is not the only controversial issue. The European Union now claims that in preferring American-made content, it could break WTO rules and discriminate against European manufacturers.

2022 Ford F-150 Lightning

2022 Ford F-150 Lightning

Ford has raised prices for the 2023 F-150 Lightning by at least $7,000 versus the 2022—a whopping 17.5% over the base level—but with the standard 98-kwh battery pack the EPA range is increasing by 10 miles, to 240 miles.

The Lucid gets a trendy dark-trim look with its stealth look trim for the Air Electric sedan. It says 35 different trim pieces and new wheel designs are available for all but the base Air Pure to counter the Platinum look.

Meyers Manx 2.0 Electric

Meyers Manx 2.0 Electric

The designers behind the Volkswagen New Beetle and the original Audi TT are behind a new electric version of the Meyers Manx Dune Buggy. Called simply the Meyers Manx 2.0 Electric, it retains much of the simple charm of the original design but with its performance claims of 0-60 mph in 4.5 seconds and a range of 300 miles, there’s clearly more sophistication underneath.

An analysis of list prices found that hybrid and EV models are driving the used-car market’s price increase. Year-over-year, used EVs were up 56.7% in July, while used hybrids were up 30.5%. In the overall market, prices of used cars increased by around 11%.

2023 Hyundai Ioniq 5

2023 Hyundai Ioniq 5

An extensive TransUnion study looking at millions of transactions found that, on average, EV buyers have more favorable credit ratings than ICE car buyers. What’s more, they are less likely to take on more debt even if they make a bigger down payment.

Electrify America will equip retail giant IKEA with two types of chargers: DC fast-chargers for the public, up to 350 kw, and other chargers for its EV delivery drivers.

Arrival car prototype

Arrival car prototype

The UK startup’s arrival is facing some financial challenges, and this has led to a business reorganization scrapping a plan to produce an affordable EV for Uber use. Although the company stopped short of confirming this in a financial update, an earlier report also questioned its electric bus plans, though the electric van still has wings.

Autonomy, the company, put its money on the line last week as evidence that its EV subscription service will expand beyond Tesla vehicles and potentially California. It revealed details of its $1.2 billion fleet order, spanning 45 EV models from 17 automakers—yes, even the Canoo, which was originally supposed to be offered by subscription. Everything on order will be delivered over the next 18 months and will add up to 1.2% of projected US EV production during that time.

A canoe is a lifestyle vehicle

A canoe is a lifestyle vehicle

And Tesla faced increased pushback from multiple directions this week over its Autopilot and fully self-driving systems. One of them, consumer safety advocate and former presidential candidate Ralph Nader, called on federal regulators this week to order Tesla to remove full self-driving from all of its vehicles. He called it “one of the most dangerous and irresponsible moves by a car company in decades.”

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