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MTC Show - Big Sustainability Moves and the Most Loved Cars of 2022
Plus 7 other mobility tech & connectivity headlines and developments
Happy Tax Day everyone! April 17 was the official last day to file your taxes this year and to honor this annual ritual we will be discussing EV tax credits, as well as which cars have been voted as the most loved for 2022, according to a survey by AskOtto. We also have seven other mobility tech and connectivity news headlines and developments that you won’t want to miss out on.
What electric vehicles can you buy to qualify for a tax credit?
There are a variety of electric vehicles that may qualify for a tax credit depending on various factors such as their battery size and capacity, the year of purchase, and the manufacturer. Generally, vehicles that are classified as “qualified plug-in electric drive motor vehicles” and meet certain requirements set by the IRS may be eligible for tax credits. The maximum credit amount available is generally $7,500, although this amount may vary depending on the specific vehicle and other factors.
If you are interested in purchasing an electric vehicle and want to see if it qualifies for a tax credit, you can check the IRS website for a list of qualified vehicles and their associated tax credits. Some examples of electric vehicles that may qualify include the Tesla Model S, the Chevrolet Bolt EV, and the Nissan LEAF, although this may change depending on the year and other factors. It’s also worth noting that the tax credit may phase out for certain manufacturers once they reach a certain number of EV sales.
The MTC Show
Airs Live on April 19, 2023 at Noon Central (US & Canada)
Tesla, the world’s leading EV maker, is busy making $30 beer while letting its Cyber Truck fall behind production. The Texas automaker also is a no-show at this year’s main industry event for EVs in China. Tesla has not introduced a new model there since 2021.
The automaker is facing intense competition from local manufacturers: China’s top electric vehicle company BYD has not only overtaken Tesla in sales there, but is close to surpassing it worldwide. Last year, 107 new electric or plug-in hybrid models launched in China, pushing Tesla’s market share down to 10% from 14% in 2020. Meanwhile, the company is shifting gears to making more EVs in Mexico to ensure they qualify for customer tax credits under the Inflation Reduction Act.
Most Loved Cars of 2022
AskOtto offers a vehicle survey and sweepstakes tool that engages consumers about the vehicles they own, what they like, what they don’t, why they bought it and so on. The brand’s research partner, Strategic Vision, utilizes this data for a variety of research projects and reports which are syndicated to nearly every automaker.
Below are their findings of the 2022 Most Loved Vehicles in America, with their scores as follows:
Cars Under $35,000 - Kia K5
Cars $35,000 and Over - Porsche 911/Bentley Continental (TIE)
SUVs/CUVs Under $45,000 - Mitsubishi Outlander Sport
SUVs/CUVs $36,000 and Over - Mercedes-Benz GLE
Pickup Trucks - Rivian R1T
Minivans - Kia Carnival
Women - Audi A5/RS5 Sportback
Mass Market by African American - Kia Stinger
Luxury by African American - 669 BMW 4-Series Gran Coupe
Mass Market by Latin American - Kia Stinger
Luxury by Latin American - BMW 2-Series Gran Coupe/Infiniti QX50 (TIE)
Mass Market by Youth (29 and Under) - Hyundai Kona
Luxury by Youth (29 and Under) - 671/669 BMW X5
One of the more surprising outcomes of the survey is that Apple cars appear to be more popular than Tesla even before they hit the road.
In the News…
About the Guests
President, Strategic Vision
In addition to the overall course and direction of Strategic Vision, Alexander is a key architect of tools and software which measures decision-making, human behavior, attitudes and perceptions. He directs operations and provides support for advanced clinical qualitative and quantitative studies. This includes large quantitative studies like the Mobility Experience Study (MxS) and parts such as the New Vehicle Experience Study (NVES).
Edwards is involved in the local San Diego area with such programs as speaking and participating with local youth groups to encourage their active citizenship, supporting local schools by providing internships and raising funds for school improvement. Visit Alexander on LinkedIn.
Founder & CEO, InSearchX & AskOtto
Eric Brown is the Founder & CEO of InSearchX, the company and proprietor of AskOtto, a website that provides a vehicle match-making service for car shoppers. The website allows users to answer a few quick questions about their preferences and interests, and then generates a list of potential vehicles that match their criteria. AskOtto.com partners with automotive companies to offer this service to consumers, and may receive fees from car dealers or manufacturers for providing leads or completing sales. The website also offers a dashboard for users to save vehicles of interest and track dealer conversations. Visit Eric on LinkedIn.