Bad news for car lovers! These models will get the ax in 2024
I collect cars, anything from classics to supercars. But my favorite is my 2012 MB SLS with the gull-wing doors. Well, I also love my 1946 Chevy Pickup and 1964 ½ Mustang … I love them all!
In 2022, most manufacturers cut at least one model that wasn’t bringing in cash. As more factory space goes into electric vehicles (EVs), it’s no wonder. Say so long to these cars. If you have one, you might want to keep it.
- Dodge Challenger & Charger: Except to see both back as EVs. The Charger EV will get up to 670 horsepower with all the upgrades. (For comparison, the Tesla Model S Plaid is 1,020 horsepower.)
- Chrysler 300: Chrysler’s EV isn’t coming till 2025 at the earliest. Looks like they’re going to have some free time.
- Ford Edge: The factory that makes these is going EV for the 2025 model year.
- Chevrolet Bolt EV: The $26,000 model (cheap by EV standards) uses old standards. Equinox is replacing it.
- Audi R8: Audi is retiring its flagship car after 15 years, and there’s no EVF replacement on the horizon.
- Kia Stinger: The $40,000 sedan just wasn’t popular enough.
- Maserati Ghibli: Another performance car being ushered out by an EV replacement in 2025.
- Mazda MX-30: An EV needs enough range to make it worth it, and this one only goes 100 miles between charges. Not enough for $34,000.
- Mercedes-Benz CLS: Lots of changes at Mercedes, with gas cars getting the boot.
- Nissan Maxima: No solid details yet, but I’d be shocked if there wasn’t an EV coming in its place.
- Audi TT: Go figure, small sports cars just aren’t that popular anymore.
Here are all the cars that now qualify for the full $7,500 tax credit
Almost every major car manufacturer now offers electric vehicles or at least hybrid alternatives. If you’re feeling the pressure to get an EV, there’s no rush! Here’s why it’s a good idea to wait.
The IRS’ new guidelines again cut back on the number of electric vehicles that qualify for a $7,500 tax credit. The number of qualifying models is shrinking yearly, and the list is shorter than ever. Here’s what you need to know.
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Many vehicles have been recalled this year, but manufacturers aren’t entirely done issuing safety notices. More than 5 million vehicles were impacted over six months, but another 2 million are being added to the list.
Considering an electric car? Chevy is warning of a dangerous fire risk
Electric vehicles might be somewhat better for the environment, but several models have proven to be a danger to owners. Over the last few years, a variety of EV cars have been recalled over different issues.
Earlier this year, a Tesla S Plaid caught fire while the driver was still in the car. The owner had to force his way out of the vehicle, as the blaze seemingly caused the door locks to malfunction. The exact cause of the fire hasn’t been determined yet.