How to Save Big on a Tesla with Colorado’s New EV Tax Credit
EV Life
by Peter Glenn
2M ago
Electric vehicles are becoming more and more common on the roads across the country. With climate change awareness increasing, gas prices continuing to climb, EV charging stations expanding, and tons of new EV options hitting the market each year, it’s no surprise that electric vehicle purchases are skyrocketing.  At the forefront of the electric vehicle revolution is Tesla, which currently makes up over half of the EV market. Tesla’s groundbreaking technology, impressive range, cutting-edge performance, and continuous software updates give the automaker a strong advantage over its compet ..read more
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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024
EV Life
by Peter Glenn
2M ago
Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag.  On the one hand, the (up to) $7,500 tax credit is now available right away at the point of sale, eliminating the wait time and allowing drivers to apply their savings directly to the purchase of their vehicle at the dealership—which is great for consumers. In fact, it’s what EV Life has been doing for our customers for years. We pre-qualify eligible drivers for their incentives and immediately apply their savings to their loans, lowering monthly payments right away. On t ..read more
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Electric Vehicle Spotlight: Financing Tesla Cybertruck 
EV Life
by Peter Glenn
3M ago
The wait is over. Four years after CEO Elon Musk introduced the Tesla Cybertruck prototype, the first vehicles are finally being delivered to customers. The journey from concept to reality was a rocky one, fraught with production delays, price changes, and brake issues outlined in leaked engineering reports. But despite the setbacks and missteps, the first deliveries of the Cybertruck have finally arrived. At first glance, the highly anticipated Tesla truck lives up to its hype. It has a truly distinctive futuristic design coupled with some pretty impressive capabilities under the hood and all ..read more
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Putting the “Utility” in Sport Utility Vehicle: Which Electric SUVs Perform Best Off-Road?
EV Life
by Peter Glenn
3M ago
The so-called “crossover” is one of the most popular vehicles in America today. These combination car-and-SUVs have become immensely popular for a variety of reasons. Their versatility offers a balance that suits various lifestyles. Their smaller size, smooth handling, and maneuverability make them suitable for urban streets while still providing the space and clearance to accommodate families and perform in more rugged environments. They’re also aesthetically appealing. When it comes to electric vehicles, crossovers serve a couple of other very practical functions. For one, their higher profi ..read more
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How the Adoption of Tesla’s NACS Charging Network is Changing the EV Market
EV Life
by Peter Glenn
3M ago
See which EVs are joining Tesla’s charging network and adopting the NACS plug. Driving an electric vehicle is getting a whole lot easier. Tesla’s North American Charging Standard (NACS) charging network, considered to be the best charging infrastructure in the world, is joining forces with other major automakers, allowing them to adopt this revolutionary technology and make it available to their customers. A wide variety of automakers have partnered with Tesla to provide NACS charge ports on their vehicles, giving drivers the ability to access and use the vast network of chargers and Tesla Sup ..read more
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Lease Buyout Offers Loophole to EV Incentive Restrictions
EV Life
by Peter Glenn
3M ago
As we enter the age of the electric car, federal and state governments have created a variety of programs, rebates, and grants to incentivize drivers to make the switch to zero-emission vehicles. The most significant incentive, outlined in the Inflation Reduction Act of 2022, comes in the form of a $7,500 tax credit for eligible drivers and vehicles. However, there’s a catch. As with most government incentive programs, there are a lot of rules and restrictions regarding who qualifies for the credit. Household income limits, vehicle price restrictions, assembly locations, and battery component ..read more
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Financing a Tesla Model X Just Got Easier
EV Life
by Peter Glenn
3M ago
Good news for drivers looking to save money on a Tesla Model X, your options just got a little better. In early September 2023, Tesla announced price cuts to the Model X and Model S, reducing the sticker price of all trim levels by 15-19%. For the Model X, the new base price of $79,990 (down $8,500 from the previous price) means it now qualifies for the federal tax credit of $7,500 outlined by the Inflation Reduction Act of 2022. The federal tax credit has MSRP limits of $55,000 for cars and $80,000 for SUVs and trucks. Previously, the Model X’s price tag exceeded those limits, but with the dr ..read more
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The EV Tax Credit: Buy Now or Wait Until 2024?
EV Life
by Peter Glenn
3M ago
The Treasury Department just released new guidance that will enable consumers to use their $7500 EV tax credits more like an upfront rebate starting in January 2024. However, new vehicle requirements are also taking effect that raise questions about which vehicles will still qualify for tax credits in the new year. The federal tax credit created to help drivers make the switch from ICE vehicles to EVs has gone through a variety of changes since it was introduced. The newest set of guidelines, set forth in the Inflation Reduction Act of 2022, includes several new eligibility requirements that d ..read more
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Electric Vehicle Spotlight: Financing Chevrolet Blazer EV
EV Life
by Peter Glenn
3M ago
Chevrolet has taken the electric vehicle market by storm with a number of different EV offerings. After the release of the popular Bolt EV and Bolt EUV, the automaker has continued to expand its electric portfolio to include EV versions of a number of its most popular ICE models. Enter the Chevrolet Equinox EV, a crossover unlike any other. The Equinox EV is an impressive addition to Chevy’s growing fleet of electric vehicles and will be offered in two forms, the LT and RS. Within these two distinct options, there are several available trims, drive configurations, and range options available ..read more
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Electric Vehicle Spotlight: Financing Ford Mustang Mach-E
EV Life
by Peter Glenn
3M ago
While the new Ford Mustang Mach-E shares a name with the legendary Mustang Coupe, the crossover shares few characteristics with the iconic sports car. Instead, the Ford Mach-E embodies a healthy mix of family-friendly design and powerful performance, bolstered by a variety of safety features that will make this vehicle an attractive prospect for those looking for a versatile family car.  That being said, Ford is offering Mustang Mach-E trims focused on different specialties. The entry-level Select, feature-heavy Premium, extended range California Route 1, the performance-based GT, and the ..read more
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