EV Market War Heats Up: Crazy Incentives Before the $7,500 Tax Credit Ends

EV Market War Heats Up: Crazy Incentives Before the $7,500 Tax Credit Ends

Hey everyone, DennisCW here! If you've been following the electric vehicle (EV) scene, you know things are getting intense. The EV market war is in full swing, with manufacturers throwing out incentives left and right. Why? It's all because of the looming deadline for the $7,500 federal tax credit—you've got to take delivery by September 30th, no exceptions. This is pushing everyone, including Tesla, to get more aggressive with deals to boost those deliveries.

Tesla's Incentive Push and What’s Next

Tesla is ramping up its game with better incentives, but the big question is: Will they get even sweeter? It all hinges on upcoming deliveries and orders. I'm keeping a close eye on Tesla's earnings call (happening tomorrow, fingers crossed), where we might get insights into their strategy as the tax credit phases out. Are they reacting aggressively, or do they have something bigger up their sleeve? We'll find out soon!

The Leasing Frenzy: Deals You Can't Ignore

Shoutout to Car Dealership Guy for highlighting this—there's a massive leasing frenzy brewing in the EV world. Many manufacturers can only access the $7,500 incentive through leases, and that perk ends on September 30th too. EV inventory surged nearly 10% month-over-month in June, with over a 120-day supply, while sales dipped 3.5% year-over-year. The result? Insane lease deals!

Here are some standout offers:

• Kia Niro: Lease for under $300/month
• Hyundai Ioniq 5: Same deal—under $300/month
• Volkswagen ID.4: Affordable leasing options galore
• Hyundai Kona: Budget-friendly EV entry
• Subaru Solterra: Joining the sub-$300 club

And let's not forget the wild $19/month Volkswagen lease we talked about yesterday in Colorado—that's practically free wheels!

We love our Teslas here, but if you're not locked into the ecosystem, why not explore these alternatives? There are some seriously compelling options out there that could save you a ton.

Your Thoughts? Share the Deals!

I'd love to hear from you: What other deals or manufacturers are you checking out? Are you sticking strictly to Tesla, or branching out? Drop your thoughts in the comments below. And if you're going the Tesla route, don't forget to use a referral code (like the one in my video description) for three months of Full Self-Driving added to your purchase!

Must-Have Tesla Accessories from Jowua

Once you've snagged your Tesla, remember—it comes with zero accessories. Not even a phone mount! But don't sweat it; I've got recommendations from our partner, Jowua, whose gear I personally use and love.

Essential Picks:

• Phone Mount: Keeps your device secure during those quick accelerations.
• Center Console Organizer: Say goodbye to lost items in the abyss.
• Invisible Under-Screen Station Mount: Perfect spot for sunglasses or small essentials.

Jowua goes beyond the basics too:

• Wireless Game Controller: Fits neatly in the glove box for on-the-go fun.
• Portable Air Compressor: Essential for road trip peace of mind.
• Electric Scooter: Why walk when you can scoot from chargers?

Use our promo code (in the video description) to save money and support the channel. Plus, get free shipping on orders over $120! Big thanks to Jowua for partnering with us—check out the link below.

That's all for now, folks. The EV landscape is evolving fast—stay tuned for more updates. What do you think of these deals? Let me know!

Drive safe and stay charged,
DennisCW