U.S. government Tax Credit Rebate - AutoMechanicaVikas

The Best Tesla Alternative Electric Vehicles In 2024.

August 28, 2024August 21, 2024 by vikas.sinha21

Introduction:

In the electric vehicles car market, many other great electric vehicle options have hit the market.

Electric Vehicles, loaded with various features and impressive ranges, like the Hyundai Ioniq 6, Kia EV6, and Chevrolet Blazer are hitting the electric vehicle market with attractive deals and financial offers.

TESLA:

Tesla is the largest electric vehicle seller in the U.S. market. Still, some other best alternative manufacturers and models are also available to give tough competition to the leading EV manufacturer Tesla.

At the beginning of the EV era, Tesla was leading the other manufacturers, but now it does not have as big a lead over its competitors. Though its EVs are still among the best, competing automakers have trapped up and have even surpassed Tesla in some areas.

12 Rivals of TESLA Electric Vehicles is different Technical Aspects:

1. BMW i4 electric vehicles:

The BMW i4 is the main rival of the Tesla Model 3.

# The cost of the single model i4 e-drive 35 is $52,200.

# The sprint time of this model is the same as that of the base model 3

# The range is up to 276 miles.

The longest-range model is the dual-motor $61,600 i4 xDrive 40, with a claimed EPA range of up to 307 miles and an acceleration time of 4.9 seconds.

Specifications at a glance of BMW i4:

# BMW i4 offers:

Power: 536 hp

Sprint Time to 60 mph of 3.7 seconds.

2. Hyundai Ioniq 6 electric vehicles:

Hyundai Ioniq 6, is launched with an aerodynamic shape and looks like a pebble- a design that seems to split opinions.

The new Hyundai and Kia EVs are coming with an E-GMP platform. This platform runs on 800 volts, which makes the car quick to charge and efficient.

The cost of the Ioniq 6 starts at $ 37,500 and can give 240 miles of range from its 53-kilowatt-hour battery and just 150 horsepower from a single rear-mounted electric motor. It achieves 0 to 600 mph in around 805 seconds.

The variant SE of Ioniq 6 costs $ 42,450 and delivers a range of 361 miles & quick acceleration with 225 horsepower and a bigger battery of 77.4 kWh.

Specifications At a Glance of Hyundai Ionoq 6:

# Hyundai Ioniq 6 base Model:

Cost: $37500

Range: 240 miles

Battery: 53 kilowatt- hour

Power: 150 horsepower

# Hyundai Ioniq 6 SE Model:

Cost: $42450

Range: 361 miles

Battery: 77.4 kilowatt-hour

Power: 225 horsepower.

3. Polestar 2 Electric Vehicles:

The Polestar is one of the bigger rivals of the Tesla Model 3, which was launched in 2020.

The single-motor, 299 hp model Polestar costs $49,900. Its sprint is 60mph in 5.9 seconds and its range is 320 miles.

The dual motor all-wheel drive polestar of 421 hp power and 276 miles range costs $55,300.

Specifications At a Glance of Polestar:

# Polestar Single-motor Model:

Cost: $49,900

Range: 320 miles

Power: 299 horsepower

# Polestar Dual-motor Model:

Cost: $55,300

Range: 276 miles

Power: 421 horsepower.

4. Hyundai Ioniq 5:

The Hyundai Ioniq 5 is built on the same E-GMP platform as the Ioniq 6. The Ioniq 5 is the rival of the Tesla Model Y.

Specifications at a Glance of Hyundai Ionoq 5:

# Hyundai Ioniq 5 base Model:

Cost: $41,800

Range: 220 miles

Power: 168 horsepower.

5. Kia EV6:

The Kia EV6 is very similar to the Ioniq 5 and Ioniq 6 in terms of mechanical properties.

Its unique look is like the hi-tech rally car. It offers a more dynamic driving experience compared to its Hyundai counterparts.

Specifications at a Glance of Kia EV6:

# Kia EV6 base Model:

Cost: $43,000

Range: 232 miles

Battery: 58 kilowatt-hour

Power: 168 horsepower

# Kia EV6 Advanced Model:

Cost: $45,590

Range: 310 miles.

Power: 225 horsepower

Battery: 77.4 kilowatt-hour

# Kia EV6 Long Range AWD Model:

The long range AWD model adds a second motor on the front axle which gives 320hp in combination. Its range drops to 282 miles.

Cost: $49,850

Range: 282 miles Power: 320 horsepower.

6. Ford Mustang Mach-E:

The Ford Motor is manufacturing one of the more fun to drive electric crossovers, the Mustang Mach-E. It’s interior is very impressive and coming with a decent Range.

Specifications at a Ford Mustang Mach-E:

# Ford Mustang Mach-E base Model:

Cost: $41,990

Range: 250 miles

Battery: 58 kilowatt-hour

Power: 267 horsepower from a single rear-mounted electric motor

To upgrade for extended range of battery pack, it costs $45990 for a range up to 320 miles.

The drive unit gets more power to compensate for the heavier battery and still delivers a similar 6.1-second benchmark sprint time.

The Rally model Ford Mustang Mach-E, gives more power and allows you to have fun sliding around a dirt road at a vehicle cost of $60.900 only.

7. Chevrolet Equinox EV:

The Chevrolet Equinox EV is very much liked drive in most of the first drive experiences. It is normal in drive with breadth of capabilities.

Specifications at a Glance of Chevrolet Equinox EV:

# Chevrolet Equinox EV base front-wheel-drive Model:

Cost: $34,995

Range: 319 miles on a single charge

# Chevrolet Dual-motor 2LT Equinox EV all-wheel-drive Model:

Cost: $43,295

Range: 285 miles on a single charge

The price goes up to $46,795 for the top 3RS variant.

8. Polestar 4:

The Polestar 4 Crossover is a splash in the EV market. Its coupe-like rear end looks like the Model Y and Mach-E in terms of body style.

Specifications at a Glance of a Polestar 4 Crossover:

# Polestar 4 Crossover base Model:

Cost: $54,900

Range: 300 miles of EPA range

Power: 272 horsepower from a single rear-mounted electric motor

# Polestar 4 All-wheel-drive Model:

Cost: $62,900

Range: 270 miles.

Power: 544 horsepower.

9. BMW i5 :

The BMW is manufacturing both the combustion and the electric versions of its 5 series sedan.

Specifications at a Glance of a BMW:

# BMW i5 eDrive40 base Model:

Cost: $67,100

Range: 295 miles

Power: 335 horsepower from a single rear-mounted electric motor

Sprint: 0 to 60mph in 5.7 seconds

# BMW i5 xDrive40 all-wheel-drive Model:

Cost: $70,100

Range: 266 miles

Power: 389 horsepower

Sprint: 0 to 60mph in 5.2 seconds

# BMW i5 xDrive40 all-wheel-drive Model:

Cost: $70,100

Range: 266 miles

Power: 593 horsepower

Sprint: 0 to 60mph in 3.7 seconds

10. Lucid Air:

The luxury carmaker Lucid Air developed the most efficient and longest-range premium electric sedan on its proprietary platform of 900 volts. It is very comfortable, roomy inside, and even fun driving around a twisty road. This car provides balanced driving with precise steering that allows an accurate placement while operating on the road.

Specifications at a Glance of Lucid Air:

# Lucid Air Pure base Model:

Cost: $71,400

Range: 411 miles

Battery: 88 kWh

Sprint: 0 to 60mph in 4.5 seconds

# Lucid Air the Grand Touring Model:

Cost: $111,400

Range: 516 miles

Battery: 118 kWh

# Lucid Air Sapphire Model:

Cost: $250,500

The Lucid Air Sapphire is the top-performance model and is one of the quickest-accelerating cars on the planet with the combined power of three electric motors.

11. Porsche Taycan:

The Taycan was the only rival of the Tesla Model S, before the launch of Lucid Air and BMW i5.

Specifications at a Glance of Porsche Taycan:

# Porsche Taycan base Model:

Cost: $99,400

Range: 274 miles

Power: 402 hp from a single motor

Sprint: 0 to 60mph in 4.5 seconds

# Porsche Taycan Turbo Model:

Cost: $173,600

Range: 292 miles

Power: 871 hp

Sprint: 0 to 60mph in 2.5 seconds

# Porsche Taycan Turbo S Model:

Cost: $209,000

Range: 266 miles

Power: 938 hp

Sprint: 0 to 60mph in 2.3 seconds.

12.Mercedes-Benz EQS:

Mercedes launched its electric vehicles in a similar look to its combustion engine cars. To make it aerodynamic efficient and to maximize its interior space its EQS sedan looks egg-shaped. It may not be the prettiest sedan, but it’s far from being a luxury EV, with a futuristic interior and plenty of range from its big battery pack.

Specifications at a Glance of Mercedes-Benz EQS:

# Mercedes-Benz EQS 450+ base Model:

Cost: $104,400

Range: 274 miles

Battery: 118 kWh

Power: 355 hp from a single motor rear wheel drive

# Mercedes-Benz EQS AMG Model:

Cost: $147,550

Range: 274 miles

Battery: 118 kWh

Power: 649 hp from a single motor rear wheel drive

Sprint: 0 to 60mph in 3.4 seconds

CONCLUSION:

Many top manufacturers are going ahead of TESLA in making electric vehicles and many are in the process just behind. There are many various best options to the consumers for going for an electric vehicle. Market is open and the manufacturers are in the race to compete with each other to give their best.

7-Seater Indian Cars Under Rs. 8 Lakh In The Market…

July 23, 2024 by vikas.sinha21

Introduction:

The Indian market is flooded with cars ranging from approx.—Rs. 04 lakhs to Rs 04 Crore and even more. The Indians can choose any car as per their buying capacity and liking. However, for a middle-class family, a budget car is required, and a 7-seater budget car i.e. under a budget of 08 lakh is a good option.

As of now, there are three Indian cars, which come into this category:

1. 7-Seater Maruti Ertiga:

Maruti is a well-known and established brand name Indian automobile market.

Maruti ertiga is a best-selling model of Maruti on Indian Road.

7-Seater Maruti Ertiga Key Details:

# Price Range: Rs 80.69 lakh to 13.03 lakh (Ex-Showroom Price)

# Models/ trims: LXi, VXi, ZXi and ZXi+

# Engine Power: 1.5-litre Petrol engine with a mild hybrid technology (103PS/137Nm)

# Drive Type: 5-speed manual or a 6-speed automatic transmission

The Maruti Ertiga is also available with a factory-fitted CNG kit with a mileage of 26.11km/kg. The key features of this CNG variant include a 7-inch touchscreen infotainment system with wireless Android Auto and Apple car play, cruise control paddle shifter, and automatic climate control systems.

2. 7-Seater Renault Triber:

Renault Triber is also a good choice for customers going for a 7-seater economical car.

7-Seater Maruti Ertiga Key Details:

# Price Range: Rs 6 lakh to 8098 lakh (ex-showroom)

# Color: The Renault Triber comes in five monotones and five dual-tone shades: Ice Cool White, Cedar Brown, Metal Mustard, Moonlight Silver, Stealth Black, and their respective combinations with a black roof.

# Power: Triber is powered by a 1-litre NA, 3-cylinder petrol engine producing 72 PS of power and 96 Nm of torque.

# Transmission: It is available with either a 5-speed manual or a 5-speed AMT.

Key Features:

The Key features of Renault Tribers include an 8-inch touchscreen infotainment system, Android Auto and Apple Car Play, a 7-inch digital driver’s display, and a wireless phone charger.

3. 7-Seater Maruti Ecco:

Maruti Ecco is another bestselling car of Maruti.

Key Details:

# Variants: The Maruti Ecco is Available in four variants:

5-seater Standard (O),
5-seater AC (O),
5-seater AC CNG (O), and
7-seater Standard (O),

# Price Range: The Maruti Eeco is priced from Rs 5.32 lakh to Rs 6.58 lakh (ex-showroom Delhi).

# Color: It comes with five monotone color options, including Metallic Brisk Blue, Metallic Glistening Grey, Metallic Silky Silver, Pearl Midnight Black, and Solid White.

# Engine Type: Maruti Eccocomes with a 1.2-litre petrol engine that generates 81 PS of power and 104.4 Nm of torque,

# Transmission: a 5-speed manual transmission.

Its CNG variant delivers 72 PS and 95 Nm, with 26.78 km/kg claimed fuel efficiency.

Key Features:

It includes a semi-digital speedometer, manual AC, and dual front airbags.

The U.S. Government Is Intended To Increase Tax Credit Eligibility By Relaxation In Electric Vehicles Battery Rules.

May 30, 2024May 30, 2024 by vikas.sinha21

#Electric Vehicles News:

The U.S. government on Friday loosened some rules governing Electric Vehicles tax credits, potentially making more EVs eligible for credits of up to $7,500 but leading critics to accuse the Biden administration of helping China.

The Treasury Department announced final regulations for the credits under the 2022 Inflation Reduction Act, giving automakers more time to comply with some provisions about where battery minerals can come from.

Electric Vehicles Credit Range:

The credits range from $3,750 to $7,500 for new EVs. There’s also a $4,000 credit for used ones.

They’re aimed at juicing demand for EVs in an effort to reach a Biden administration goal that half of all new vehicle sales be electric by 2030. This year the credits are available at the time a vehicle is purchased from an authorized dealer rather than waiting for an income tax refund.

Qualifying for the credits depends on a person’s income, the price of the vehicles and requirements related to battery makeup and minerals that get tougher each year. To get the credits, EVs must be assembled in North America. Some plug-in hybrids also can qualify.

Starting this year, complex rules are being phased in to promote development of a domestic electric vehicle supply chain. The rules would limit EV buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other nations “of concern” that are considered hostile to the United States. Those include Russia, North Korea and Iran.

Under the final rule, however, small amounts of graphite and other minerals used in batteries would be exempt from the restriction until 2027, because their country of origin is nearly impossible to trace, officials said. Without the exemption, some vehicles that met nearly all of the requirements could get knocked out of tax credit eligibility due to tiny amounts that couldn’t be traced, Treasury said.

The National Mining Association slammed the new exemptions as a giveaway to China.

“Congress created these tax incentives to secure our supply chains and generate American jobs while supporting EV adoption. They did not intend for loopholes to be created that essentially amount to a blank check from the American taxpayer to China,” said Rich Nolan, the mining lobby’s president and CEO.

West Virginia Sen. Joe Manchin, the Democratic chairman of the Senate Energy and Natural Resources Committee, said that through the new rule, the Biden administration “is effectively endorsing ‘made in China.’ ”

Manchin, who played a key role in passage of the Inflation Reduction Act, President Joe Biden’s landmark climate law, said the law specifically prohibits EVs that contain materials from foreign adversaries such as China and Russia from being eligible for the tax credit after 2024. “But now Treasury has provided a long-term pathway for these countries to remain in our supply chains. It’s outrageous and illegal,″ he said.

This year half of the critical minerals in an EV’s battery have to be mined or processed in the U.S., or a country with which it has a free trade agreement. Sixty percent of the battery parts have to be made or assembled in North America.

Starting in 2025, batteries with any critical minerals from nations of concern would not be eligible for any tax credits. But after getting comment from the auto industry and others, treasury officials decided to loosen that restriction.

The rule issued Friday is likely to make more EVs eligible for credits in 2025 and 2026, but the auto industry says that’s difficult to tell until automakers finish tracing the origin of all the minerals.

“The Electric Vehicles transition requires nothing short of a complete transformation of the U.S. industrial base,” John Bozzella, CEO of the Alliance for Automotive Innovation, a large industry trade group, said in a statement. “That’s a monumental task that won’t – and can’t – happen overnight.”

The rule change, he said, “makes good sense for investment, job creation and consumer EV adoption.”

At present, China dominates crucial parts of EV battery supply and production, even as automakers race to establish key mineral and components efforts elsewhere.

Of 114 EV models currently sold in the U.S., only 13 qualify for the full $7,500 credit, the automotive alliance said.

Despite the tax credits, sales of electric vehicles grew only 3.3% to nearly 270,000 from January through March of this year, far below the 47% growth that fueled record sales and a 7.6% market share last year. The slowdown, led by Tesla, confirms automakers’ fears that they moved too quickly to pursue EV buyers. The EV share of total U.S. sales fell to 7.15% in the first quarter, according to Motorintelligence.com.

“The Inflation Reduction Act’s clean vehicle credits save consumers up to $7,500 on a new vehicle, and hundreds of dollars per year on gas, while creating good paying jobs and strengthening our energy security,” Treasury Secretary Janet Yellen said in a statement.