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Tesla has cut prices on the Model S and X, with price drops of 15-19% in the US on all trim levels (and similar cuts in the rest of the world), except for the brand-new Standard Range model which was introduced just over two weeks ago and is now no longer available.

Good news and bad news from Tesla today – the cheapest Model S and Model X, the $78,490/$88,490 Standard Range version, is gone. We hardly knew ye.

But that model has been replaced with price cuts across all the rest of Tesla’s S and X range, leading today’s base price of the larger-battery versions of both cars to be cheaper than yesterday’s base price of the smaller-battery versions.

And so, today you can get a Model S for a base price of $74,990, $3,500 less than yesterday’s lowest price, or a Model X for $79,990, $8,500 less than yesterday:

Beyond that, today’s “base model” now has the larger battery, with an estimated EPA range of 405 miles for the S and 348 miles for the X. Yesterday’s base model was the software-limited Standard Range, with 320/269 miles of range for S and X respectively. Although, do note that Tesla is prone to overstating its range numbers, and these cars actually haven’t changed hardware-wise, as the SR model had the same battery, just locked behind software.

And as for another stealth price drop – all paint colors are now included in the base price, so you’re no longer locked to a single “standard” paint color if you want the base price (as is the case for grey Model 3s right now). So you can choose between white, black, grey, blue or red for free.

But wait, there’s more! Due to a quirk in how the US Federal EV Tax Credit works, the Model X can now actually be cheaper than the Model S after incentives – at least in its absolute base trim.

The Inflation Reduction Act set MSRP caps on what vehicles can qualify for the $7,500 tax credit, with a threshold of $55k for cars and $80k for trucks and SUVs. Prior to now, the Model S and X were both above that cap, and the S is still above the car cap, but the X is now below the SUV cap. This means that certain buyers (who do not run afoul of the the IRA’s income caps of 150k single/300k married filing jointly) can actually get an X for less than an S, as long as they buy a base model X with no options physically attached from the factory (well, except for the now-free paint colors).

Tesla says that a reduction in credit availability is likely to happen at the end of this year, because the credit has stricter requirements that go into place at the end of each year. But we won’t know for certain about that until the time comes.

On the other end of the price spectrum, Plaid versions of both vehicles have dropped in price as well, from $108,490 yesterday to $89,990 today.

And in the rest of the world, prices have dropped as well. Across Europe and in China, prices are down on both models in similar amounts as in the US (though not in right-hand drive countries, as the two models aren’t available in RHD).

Electrek’s Take

Every time we think we’ve seen an end to Tesla’s price drops, it throws another one at us.

The company has massively slashed prices of vehicles multiple times this year, and then gained access to the full IRA tax credit on its cheapest Model 3, making the car quite a deal. It also cut the price of FSD by $3k just tonight.

Some of these price cuts have made some recent customers angry at the sudden drops in residual value for their vehicles, but has overall benefitted the consumer, as lower prices are generally a good thing.

It has also started a bit of a price war in electric cars, with some other companies dropping prices, or announcing lower-priced models, likely in response to Tesla finally bringing prices back down after raising them so many times over the course of the previous couple years.

We think there are a couple specific things that influenced today’s price drops.

One, the Inflation Reduction Act’s MSRP cap of $80k likely looked like a juicy target for Tesla, and getting the Model X down to that price means knocking another $7,500 off the final cost of the vehicle for some consumers. So, thanks to Joe Biden for that one.

Two, Tesla just unveiled the “Project Highland” Model 3 Refresh, which has a lot of improvements we didn’t expect – and some of which were previously exclusive to the Model S and X, like a rear touchscreen. This could give customers fewer reasons to consider a Model S over a Model 3, and so lowering the price of the Model S could be one way to ensure that there’s still some increased value proposition there on Tesla’s higher-end sedan.

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Smart charging, real cash: Ava wants to pay EV drivers to plug in

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Smart charging, real cash: Ava wants to pay EV drivers to plug in

Ava Community Energy just rolled out a new program in California that pays EV and plug-in hybrid drivers for charging their cars when electricity on the grid is cleaner and cheaper.

The new Ava SmartHome Charging program, launched in partnership with home energy analytics platform Optiwatt, offers up to $100 in incentives in the first year. And because the program helps shift home charging to lower-cost hours, Ava says drivers could save around $140 a year on their energy bills.

EV and PHEV owners who are Ava customers can download the Optiwatt app for free, connect their vehicle, and let the app handle the rest. The app uses an algorithm to automatically schedule charging when demand is low and more renewable energy is available, typically overnight or during off-peak hours.

“Ava is on a mission to provide 100% clean energy to our customers by 2030,” said CEO Howard Chang. “This new program helps us get there by giving people an easy way to charge on more renewable energy while simultaneously saving money.”

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Drivers who enroll get a $75 bonus for joining, and can earn an extra $25 per year if they stay enrolled. Optiwatt shifts charging to off-peak times, and it takes into account the customer’s individual schedules and preferences.

Casey Donahue, who founded Optiwatt, says this program is a win for everyone. “We can move a lot of energy use to cleaner, more affordable times by using smart algorithms and the growing EV base,” he said. “That benefits every Ava customer.”

The program is available to most EVs and plug-in hybrids. All it takes is signing up through the Optiwatt app (iOS, Android, or web) and completing a quick verification process. Savings and rewards start right away.

The Oakland-based not-for-profit public power provider aims to enroll at least 5,000 vehicles by the end of 2025. The company says this program is the first step in a broader virtual power plant (VPP) strategy. It’s powered by Lunar Energy’s Distributed Energy Resource Management System (DERMS) platform, Gridshare, which will help Ava coordinate energy from EVs, home batteries, and more.

Ava Community Energy was founded in 2018 and now serves 2 million people in Alameda County, California, and the cities of Tracy, Stockton, and Lathrop.

Read more: California now has nearly 50% more EV chargers than gas nozzles


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Jeep is teasing the new Grand Cherokee, but where’s the EV version of its best-selling SUV?

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Jeep is teasing the new Grand Cherokee, but where's the EV version of its best-selling SUV?

The Grand Cherokee is due for a refresh, and we just got our first look at it. Jeep claimed “the next chapter in the story of America’s best-selling full-size SUV begins” after releasing the first official images of the updated model. When will we see the Jeep Grand Cherokee as an EV?

2026 Jeep Grand Cherokee first look

Days after revealing the new Compass, Jeep is teasing another refreshed model, its best-selling Grand Cherokee.

Although it was the best-selling full-size SUV in the US last year, the Grand Cherokee is due for an update. The latest model was launched in 2021, but Jeep added a two-row version in 2022.

It remained Jeep’s top seller in the US last year with over 216,000 models sold, but sales were down 12% compared to 2023. It was also one of the best-selling plug-in hybrid (PHEV) vehicles, with over 27,500 4xe models

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Jeep is giving us our first official look at the updated 2026 Grand Cherokee, inside and out. The first image previews the front end, which features new LED headlights and a revamped seven-slot grille, similar to the new Compass.

The interior is restyled with a simplified setup and other minor infotainment and climate control display adjustments. The preview also shows an added passenger screen.

When will Jeep launch the Grand Cherokee EV?

Jeep will continue to assemble the updated SUV in Detroit. The new 2026 Jeep Grand Cherokee will be available as a two-row, three-row L, and a plug-in hybrid 4xe, but when will we see an EV version? The outgoing 4xe model is already one of the top three selling PHEVs in the US, so a fully electric version would make sense.

As part of its 2023 agreement with the UAW, Jeep revealed plans to launch the Grand Cherokee EV in 2027. It was scheduled to be built at the Detroit Assembly Complex, but plans have likely changed since then.

Jeep's-new-Compass-EV
New Jeep Compass EV (Source: Stellantis)

Jeep’s new Compass will be available as an EV, but only in Europe. At least for now. Stellantis halted operations at its Brampton Assembly plant earlier this year, where the Compass is built, as it “reassesses its product strategy in North America.”

For those in the US, Jeep currently offers one EV. The Wagoneer S (pictured on the left above), Jeep’s first global electric SUV, starts at $65,200 and has a range of up to 294 miles.

Later this year, Jeep is expected to launch the Recon EV (pictured on the right above), a rugged electric SUV like a Wrangler.

Jeep is currently offering employee pricing plus an extra $1,500 cash allowance on top of the $7,500 EV tax credit on 2025 Wagoneer S models. If you’re looking to snag some savings, you can use our link to find Jeep Wagoneer S models in your area today.

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Kia EV4 test drive reveals the good, the bad, and the ugly

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Kia EV4 test drive reveals the good, the bad, and the ugly

Can Kia’s first electric sedan live up to the hype? After launching the EV4 in Korea, we are finally seeing it in action. A new test drive of the EV4 gives us a closer look at what to expect as Kia prepares to take it global. Here’s how it went down.

Kia EV4 test drive: The good, the bad, and the ugly

Kia claims the EV4 will “set a new standard in electric vehicles” with long-range capabilities, fast charging, and a sleek new design.

The electric sedan features a unique, almost sports-car-like profile with a long-tail silhouette and added roof spoiler.

Kia claims it is “the new look of a sedan fit for the era of electrification.” Despite its four-door design, the company is calling it a new type of sedan.

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The design is not only eye-catching, but it’s also super efficient. With a drag coefficient of just 0.23, the EV4 is Kia’s most aerodynamic vehicle so far, enabling maximum driving range and efficiency.

Kia opened EV4 orders in South Korea in March, starting at about $29,000 (41.92 million won). It’s available with two battery options: 58.2 kWh and 81.4 kWh. The entry-level “Standard Air” model, powered by the 58.2 kWh battery, is rated with up to 237 miles of driving range.

Kia-EV4-test-drive
Kia EV4 sedan Korea-spec (Source: Hyundai Motor)

The “Long-Range Air” variant starts at 46.29 million won ($31,800) and has a driving range of up to 331 miles (533 km) in Korea.

With charging speeds of up to 350 kW, the EV4 can charge from 10% to 80% in around 29 minutes. The long-range battery will take about 31 minutes.

Kia-EV4-test-drive
Kia EV4 sedan interior (Source: Hyundai Motor)

The interior boasts Kia’s latest ccNC infotainment system with a 30″ Ultra-wide Panoramic Display. The setup includes dual 12.3″ driver displays, navigation screens, and a 5″ air conditioning panel.

With deliveries kicking off, we are seeing some of the first test drives come out. A review from HealerTV gives us a better idea of what it’s like to drive the EV4 in person.

Kia EV4 test drive (Source: HealerTV)

Sitting next to Kia’s first pickup, the Tasman, the reviewer mentions the EV4 feels “particularly newer.” The test drive starts around the city with a ride quality similar to that of the K5, if not even better.

As you can see from the camera shaking, the ride feels “a bit uncomfortable” on rough roads. However, on normal surfaces and speed bumps, Kia’s electric sedan “feels neither too soft nor too hard,” just normal. The reviewer calls the EV4’s overall ride quality “quite ordinary” with “nothing particularly special about it.”

When accelerating, the electric car was smooth in the beginning but felt “a little lacking in later stages.” Overall, it should be enough for everyday use.

One of the biggest issues was that the rear window appeared too low. The rear brake lights also stick out, making it hard to see clearly through the rearview.

Keep in mind that the test drive was the Korean-spec EV4. Kia will launch the EV4 in Europe later this year and in the US in early 2026.

In the US, the EV4 will include a built-in NACS port for charging at Tesla Superchargers and a driving range of up to 330 (EPA-est) miles. Prices will be revealed closer to launch, but the EV4 is expected to start at around $35,000 to $40,000.

Would you buy Kia’s electric sedan for around $35,000? Or would you rather have the Tesla Model 3, which starts at $42,490 in the US and has up to 363 miles of range? Let us know in the comments.

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