News
High Gas Prices Spur EV Sales Rebound
EV sales showed strong month-over-month gains and surging used EV demand, while tighter inventory and declining prices narrowed the gap with gas-powered vehicles.
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EV sales showed strong month-over-month gains and surging used EV demand, while tighter inventory and declining prices narrowed the gap with gas-powered vehicles.
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GreenPower’s EV Star lineup is eligible for incentives through California’s Clean Truck and Bus Voucher Incentive Project.
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November EV data shows sales falling to multi-year lows as inventory builds and pricing softens following the expiration of federal tax credits.
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Delaware continues to offer rebates for qualifying electric vehicle purchases and Level 2 charger installations through April 30, 2026,
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With the expiration of federal incentives, EV success now hinges less on government policy and more on discounts, battery tech progress, increased range, and broader infrastructure.
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The shift marks a recalibration rather than a retreat, as the market adjusts to post-incentive conditions.
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Bobit recognized John Boesel, CEO of Calstart, who is retiring after over three decades of service.
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But most OEMs record low-volume sales, which means EV profitability remains a distant dream for nearly every automaker.
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Lease returns and trade-ins are boosting the supply of used EVs, making them more affordable than ever.
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Consumers are buying up electric vehicles ahead of the Inflation Reduction Act’s tax credit expiration amid strong demand and tight inventory.
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At 16% of the average transaction price, EV incentives remain more than twice as high as those for the overall vehicle market.
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