Tesla has unveiled a $20,000 track package for the Model S Plaid, finally allowing it to reach the 200 MPH top speed the automaker promised when it was first announced. The Model S Plaid vehicles the company delivered after they became available could only reach around 163 MPH, which is fast, but not 200 MPH fast. Turned out Tesla put a limitation on its software to prevent it from reaching its full potential. According to Electrek, the company wanted the vehicle to have bigger brakes first, so they could slow down better from really high speeds. 

When you visit the Model S Plaid order page, you'll see a note when you click the 200 MPH stop speed spec that the indicated spec requires paid hardware upgrades. The new track package will set you back $15,000 for a carbon ceramic brake kit package, or $20,000 for the brake kit and a wheel and tire package optimized for performance and track usage. You will need the ceramic brakes to be able to unlock the vehicle's top speed, but you can also purchase just the wheel and tire package for $6,000. 

The automaker first started offering the ceramic brake kit for $20,000 back in 2021, but it has yet to start installing it on customers' vehicles. (While there was a company that was able to push past the Model S Plaid's software limitations last year, it had to hack into the vehicle's software and install third-party brakes.) The new track package pages have a clear date for their availability, though: They will be out in June 2023 and can be purchased from the Tesla app.

Ford is restarting sales of the Mustang Mach E for this year, and your patience has paid off if you missed your chance the first time around. The crossover SUV's starting price has dropped $3,000 to $42,995 (before a $3,750 federal tax credit) for an RWD Standard Range trim, with a matching price cut for its $45,995 AWD counterpart. They're also more capable vehicles — all Standard Range variants use lithium iron phosphate batteries that extend their range to 250 miles (RWD) or 226 miles (AWD) while adding 45HP. They now take a more reasonable 33 minutes to charge from 10 percent to 80 percent on a DC fast charger, and they're more likely to reach maximum capacity through AC charging at home.

The hardware for BlueCruise hands-free highway driving is now standard. You'll still have to pay to unlock it, but you now get a 90-day trial that lets you activate if and when you're ready. You can still pay for three years (now $2,100 instead of $1,900) if you're already sold on the concept. BlueCruise 1.2 adds turn signal-activated lane changes and repositioning that keeps you away from semis and other vehicles that might intrude into your lane.

Higher-end models also have their share of price cuts. The Premium Standard Range models are dropping by $4,000 to reach $46,995 for an RWD configuration and $49,995 for AWD. Buy a California Route 1 AWD Extended Range and you'll pay $56,995, or $1,000 less. And if you insist on the most powerful model, the GT is down $4,000 to $59,995.

Crucially, there's a better chance you'll get a vehicle in the first place. Ford is scaling up Mustang Mach-E production for the second half of the year to help meet demand. The automaker doesn't say when you can expect to receive a new order, but you may not have to rush to purchase like you did before.

The price cuts come just months after Ford slashed Mustang Mach-E prices up to $5,900, and reflect "lower costs" on Ford's end. The brand previously said the switch to lithium iron phosphate batteries would help it make 600,000 EVs per year by the end of 2023 by expanding capacity, lowering production costs and reducing the need for shortage-prone resources like nickel.

Ford is also under pressure to drop prices, mind you. Tesla has cut prices multiple times in 2023, and the Model 3 now starts at $40,240. A cheaper, upgraded Mustang Mach-E could keep customers interested, even if it doesn't get the full $7,500 tax credit that applies to Tesla's sedan.

We might see an electric vehicle based on Honda's e:Architecture, its dedicated EV platform, a year earlier than the company had previously announced. At a business briefing, wherein the automaker talked about earnings structure, battery initiatives and other things, it has announced that it's building a mid-to-large-size EV based on the e:Architecture and that will go on sale in North America by 2025. Honda previously said that vehicles adopting the architecture will be available in 2026. 

The company also announced that it's further developing its vehicle OS for use with mid-to-large-size EVs in North America and making sure that it allows for the "continuous advancement of vehicle functions and services for customers even after the vehicle is purchased." As TechCrunch notes, though, it didn't say if it's currently working on (or at least planning) a smaller vehicle based on its e:Architecture for the North American market at the moment. 

Before the vehicles based on its dedicated platform come out, Honda will launch the EVs it's currently developing with General Motors: The Acura ZDX and the Prologue, which is automaker's first electric SUV. Both vehicles will be available in 2024. In Japan, Honda is expected to release a series of small-size EVs, including an electric N-One, which is a mini box-like Kei car that can be commonly seen on the streets in the country, in 2024. It will also launch a small-size SUV for the Japanese market in 2026. 

On an earnings call with investors, General Motors CEO Mary Barra said the company plans to cease production of the Chevy Bolt EV and EUV by the end of 2023. Between them, the models account for most of GM's EV sales and the company plans to make more than 70,000 of them this year — that marks a record rate of production, according to CNBC.

However, the Bolt's battery cells are based on an older design and GM is transitioning to its Ultium system. According to Barra, GM will modify a Detroit-area plant where it makes the Chevy Bolts so it can produce the electric Chevy Silverado and GMC Sierra there starting in 2024.

The Bolt's battery system has led to some serious problems for GM in the past. In 2021, GM recalled every Bolt it had ever made to that point due to a battery manufacturing defect that posed a fire risk. The company spent some $1.8 billion to resolve the issues.

Considering GM's plan to switch entirely to EVs by 2035, it makes sense to use the same battery tech across all of its models to help it ramp up the pace of production. After the Michigan plant has been retrofitted and reaches full production, GM expects that it will be able to build 600,000 electric trucks per year. The company has a production target of 2 million EVs per year between the US and China.

The timing of the move may be a slightly risky one for the company. The Bolt, which arrived in 2016, is the most affordable option for a new EV from a major automaker. Last year, GM lowered the starting price of the 2023 Bolt EV to $26,595, plus a $995 destination fee. The relative affordability has helped GM achieve three consecutive quarters of record Bolt EV and EUV deliveries, Barra said in a letter to shareholders.

GM says it delivered more than 20,000 EVs last quarter, which is a far cry from the 422,000 vehicles Tesla delivered in Q1. Although GM is now in second place in the US EV market, it has quite a way to go before it can catch up to Tesla. The Equinox EV, which is slated to arrive in the fall, is expected to start at around $30,000, which could help its prospects.

“When the Chevrolet Bolt EV launched, it was a huge technical achievement and the first affordable EV, which set in motion GM’s all-electric future,” Chevy spokesman Cody Williams told CNBC in a statement. “Chevrolet will launch several new EVs later this year based on the Ultium platform in key segments, including the Silverado EV, Blazer EV and Equinox EV. ”

After the successful launch of the GMC Hummer EV Pickup, the company announced new electric trucks and SUVs with plenty of customization options, including a 3X trim option. The 3X line was originally supposed to launch in the fall of 2022, but good things come to those who wait, so they say. The 3X trim package will be available for the 2023 Hummer EV Pickup and the 2024 Hummer EV SUV and will ship standard with 22-inch wheels and 35-inch all-terrain tires.

Overall, the SUV and pickup both come in two trims, Edition 1 and 3X. For the pickup, you can get the 3X trim with an optional extreme off-road package; for the SUV, you can get both models with the off-road package. In addition to the increased customization options available for these vehicles, GMC has updated range estimates for the forthcoming models. The company announced that these trucks will ride up to 355 miles per charge, though this metric does decrease with certain configuration packages. 

For instance, choosing the Extreme Off-Road Package nets you rubber tires designed for mud, extra skid plates and additional underbody cameras, but your range slides down to 329 miles per charge. The original Edition 1 of these EV trucks got 330 miles in the lightest configuration, so the battery tech has certainly improved since the 2020 launch. The EV SUV line boasts a slightly lower range, at 298 to 314 miles per charge (again depending on which trim and configuration you choose).

GMC is still holding some specs close to the chest, but we do know that the new models still feature the same three-motor layout as prior generations, with an estimated 1,000 horsepower. That’s plenty of get-up-and-go. Depending on the configuration, you’ll be able to tow anywhere from 7,500 to 8,500 pounds with one of these electric beasts.

Despite a robust starting price tag of $80,000, consumers are definitely interested in GMC’s new electric trucks. Preorders went live back in September and quickly sold through 65,000 units. In other words, reservations are currently full but that could change in the future. We’ll keep you updated. In the meantime, GMC has plenty more electric vehicles coming, including the Sierra Denali truck and the Chevy Silverado.

The narrow list of EVs that qualify for federal tax credits has already grown again. Ars Technicanotes the US government has restored multiple electric rides to the list of vehicles that get at least some credit. The 2023 VW ID.4 (the first US-made model) receives the full $7,500 incentive, as do the upcoming Chevy Blazer EV, Equinox EV and Silverado EV. Rivian R1T and R1S buyers can also get a $3,750 credit provided their configuration slips under the $80,000 cap.

When the Internal Revenue Service outlined the original list, just six EVs could get the full tax credit. This included the Cadillac Lyriq, Chevy Bolt, Chevy Bolt EUV, Ford F-150 Lightning, Tesla Model 3 and Tesla Model Y. Other EVs and plug-in hybrids only received partial credits, such as the Chrysler Pacifica PHEV and Ford Mustang Mach-E.

The Treasury Department outlined stricter requirements for EV tax credits in March. To be eligible for $3,750, a car's battery components must be 50 percent made or assembled in North America. At least 40 percent of key minerals must come from the US or its free trade partners to earn another $3,750. Batteries must be completely made in North America by 2029 for vehicles to still qualify.

As VW is keen to point out, this makes the ID.4 a better deal. The entry-level Standard trim costs $31,495 after accounting for the tax credit. If you can live with the 209-mile range, it may seem like a bargain compared to even the price-cut Model 3. You'll more likely want to spring for the ID.4 Pro with 275 miles of range, but that's still more attainable with a $36,495 sticker after the incentive.

This may also help put Chevy's wave of upcoming EVs within reach. The Equinox in particular is expected to start around $30,000 — a full credit would price it below many conventional SUVs, let alone electrified versions. As with VW, the discount could spur sales and help the US meet the climate goals that helped prompt the Inflation Reduction Act.

When Tesla held its opening party for the company's Giga Texas factory last year, Elon Musk said that it will finally start selling the Cybertruck in 2023. Now, we can narrow down the timing for its launch even further. According to The Verge, Musk just told Tesla investors during its most recent earnings call that the automaker will hold a delivery event for the Cybertruck in the third quarter of the year. Tesla will start manufacturing the vehicle this summer, but volume production won't begin until 2024 like the company had previously said.

Musk reportedly told investors during the call that it "takes time to get the manufacturing line going, and this is really a very radical product." He added: "It's not made in the way that other cars are made." The production version Cybertruck Tesla showed off on stage last year had no door handles and could automatically tell if its owner is nearby and it should open its doors. It's still made out of stainless steel like the automaker initially envisioned, though, and that's more expensive than steel typically used in the industry. As The Verge notes, the electric vehicle requires special welding techniques, and its smaller components are custom-made. 

The Cybertruck has been delayed several times since it was first announced back in 2019. Tesla's original and very optimistic initial launch date was 2021, but it was pushed back to 2022 and then to 2023. The vehicle's prices were originally supposed to start at $39,900 for a single-motor configuration to $70,000 for a three-motor one. Tesla warned earlier this year, however, that its final specs and pricing have yet to be determined and could be based on several factors, such as supply chain shortages and the economy.  

Tesla has slashed its electric vehicles' prices for the sixth time this year, on the eve of its next earnings report. It has quietly lowered the price for the Model 3, so that the the rear-wheel drive variant now starts at $39,990 or $2,000 less than what buyers would pay for it as recently as earlier this month. If you'll recall, the automaker already cut $1,000 off its price and started selling it for $41,990 the last time it implemented price cuts just a couple of weeks ago. And earlier this year, Tesla cut its prices quite drastically across its lineup, with some models getting a price drop of as much as 20 percent.

As Tesla notes on its website, though, the rear-wheel drive model now only qualifies for $3,750 in tax credits after the government's change in guidelines took effect on April 18th. The new rules are related to the US cutting off China as an approved trading partner, which would lead to EVs using China-made batteries losing tax credits as a result. To note, Tesla's other cars are still eligible for the full $7,500 tax credits, including the Model Y vehicles that also got a price cut. 

The base, the Long Range and the Performance Model Y vehicles now cost $3,000 less than before. The base Model Y will now set buyers back $46,990, while the Long Range and Performance vehicles now cost $49,990 and $53,990, respectively. When Tesla reported its earnings for 2022 in January this year, Elon Musk said the company was seeing orders "almost twice the rate of production." According to Bloomberg, though, Tesla was unable to sustain that rate of demand and has made the lowest number of deliveries in the first quarter of this year since 2021. Since the company reportedly produced thousands of vehicles more than it handed over to customers, these price cuts were likely implemented to sell existing inventory and to drum up demand going forward.

Polestar has revealed its coupe-style electric SUV at the Shanghai Auto Show, and as expected, the Polestar 4 is a head turner with a lot of power. It also has a pretty bold design choice: there's no rear window, so the driver's rear view is provided by a camera. The idea is to create "a new kind of immersive rear occupant experience," the company wrote in an announce post for the new EV. 

It's the company's second SUV after the larger Polestar 3, set to go on sale this year, and bigger than the Polestar 2 sedan. With a large 102kWh battery, it has a 300-plus mile targeted range and $60,000 starting price, with both all-wheel and rear-wheel drive versions. It'll go on sale starting in China by the end of the year, and launch in North America in 2024. 

Polestar

Design-wise, the Polestar 4 has a sleek and sporty design (for an SUV) broken up by subtle body panel creases and mildly bulging fenders. The lack of a rear window is an odd decision, as it's bound to make the interior feel a bit... stuffy. However, there is a standard full-length glass roof with optional electrochromic functionality that allows for opaque or transparent usage. To bring in a bit more light, it stretches down below the rear occupants' heads as well. 

A high-definition screen up front displays the view from the rear camera. Polestar says it allows for "a far wider field of view than what can be experienced in most other cars." Hopefully the company has a backup system of some kind, because if the screen or camera go down, drivers will have a massive blind spot behind them. 

Polestar

The Polestar 4 is built on parent Geely's open-source Sustainable Experience Architecture. It won't have a third row like some variants of Tesla's Model Y, so the company is instead promising "generous interior proportions" for both front and rear seat passengers. The interior and materials drew inspiration from the fashion and sportswear industries, Polestar wrote.

For an SUV, it'll go fast. The 544 horsepower model will allow you to go from zero to 62MPH in 3.8 seconds, to start with. Polestar will also offer a 272HP, long-range single-motor version. The optional 102kWh battery has a targeted range of 560 km (348 miles) on the WLTP cycle, or around 300 miles in EPA terms. And charging should be quick, with up to 200kW fast charging that should allow about 800 miles of charge per hour.

Polestar

Like the Polestar 3, the 4's driver-assist (ADAS) system will run NVIDIA's Drive computing platform, using 12 cameras, one radar and 12 ultrasonic sensors. One of those cameras is dedicated to monitoring the driver's head and eye movements to warn them of fatigue or incapacitation. 

A 10.2-inch instrument cluster and 14.7-inch heads-up display (HUD) shows speed, drive mode, turn-by-turn directions and more. The infotainment system is powered by Android Auto installed on a 15.4-inch center screen, with Apple CarPlay available as well. A Harman Kardon audio system is on option with 12 speakers and a 1,400-Watt channel-hybrid amplifier. 

Polestar

As mentioned, "indicative launch pricing" starts at $60,000 in the US, with availability slated for 2024. No current Polestar models qualify for the $7,500 US tax credit, which requires North American production and battery sourcing — and it's not clear where the Polestar 4 will fall. After the latest rules went into effect, only six EVs still qualified for the full credit. 

The company has yet to announce details about North American production. But if the company wants to qualify for the $7,500 tax credit, it will need to assemble it in North America as well as figure out a supply chain that’s independent from China.

The IRS released a list of electric vehicles that still qualify for the full $7,500 federal tax credit after strict new guidelines, announced back in March, officially go into effect on April 18th. The list is very short, as just six EVs now qualify under the new terms. The updated rules pertain to EV batteries and cut out China as an approved trading partner, so we knew the vehicle list would shrink, as most electric vehicles use batteries manufactured in China or by Chinese companies.

If you want to get that full tax credit, choose from the Cadillac Lyriq, Chevy Bolt, Chevy Bolt EUV, some Tesla Model 3 versions, some Tesla Model Y versions and Ford F-150 Lightning. Many EVs lose the full credit moving forward, like the Nissan Leaf and Volkswagen ID.4. So check the full list before zeroing in on your next car purchase. $7,500 is nothing to sneeze at.

EVs shunted out of the exclusive full tax-credit club may still qualify for a half credit of $3,750, so long as they meet certain requirements. Three PHEVs also qualify for the half credit and three more qualify for the full tax credit, including models manufactured by Ford, Lincoln, Chrysler and Jeep. These credits are not about excluding hybrid technology and are all about making sure components are sourced properly. 

Here's how that breaks down. Battery components that are 50 percent made or assembled in the USA qualify for the first half of $3,750 and if the company sources at least 40 percent of critical minerals from the US or free trade partners, the second $3,750 kicks in. If a company meets one or the other standard, the vehicle gets a half credit.

While the list winnowing down to just six vehicles makes for a good headline, it should beef up as automobile manufacturers make changes to meet the rules. New EVs that meet the component sourcing standards will get added to the list and other vehicles will get re-added as manufacturers open new factories in the US and other approved countries. New trade deals could also impact the list of approved vehicles as time marches forward. However, these rules grow stricter over time. Batteries must be completely made in North America by 2029 to continue to stay on the IRS’s good side and get that full $7,500 credit.