MADISON, Wis. (WMTV) – Price remains a major concern for some Wisconsin consumers, as the White House wants to see more electric cars nationwide by the end of the decade.
“It might get more affordable, but right now it feels like a luxury car to own,” said Max Cristobal, a college student with a Ford Mustang.
“It’s always about weighing the pros and cons financially,” said Christopher Chapman, who drives two gas-powered cars.
Ford announced last week that it was raising the prices of its electric Mustangs. Base rear-drive models of the 2023 Mustang Mach-E will now retail for around $46,000, about $3,000 more than last year’s model.
In the meantime, other measures could help reduce the costs of electric vehicles. President Biden has set a goal for half of new cars sold by 2030 to be electric.
Earlier this month, he signed into law the Cut Inflation Act, creating upfront rebates of up to $7,500 for new electric vehicles and $4,000 for used vehicles.
The White House says millions of Wisconsin residents will be eligible for these tax credits, though industry leaders have said a vast majority of electric vehicles would not qualify for a tax credit. tax as important, because to be eligible, a car must have a battery built in North America.
For rural areas, there are other limitations.
“A lot of people might need heavy-haul or truck capability, and those types of electric vehicles haven’t become mainstream yet,” Chapman said. “Hopefully more people in the city will start to consider it a viable option as more charging stations become available.”
“I think he’s more inclined to see it in an urban environment because that’s where any electric or hybrid is going to excel,” said Paul Flogel, an instructor at Madison College. “When you do stop-start stuff, that’s where it’s huge because you get regenerative braking that brings the energy back. You don’t have to recharge it as often.
The White House said Wisconsin had submitted a plan to use federal funds to build electric vehicle charging stations along highways. Federal officials say the goal is to approve state plans by the end of September.
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