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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Pricing trends showed a decrease in new EV transaction prices, aided by incentives, making them more affordable, while used EV prices increased slightly.
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Analysis/Commentary: Billions have already been deployed toward EV manufacturing, and the industry cannot walk away from it, but we need to find a way to do this profitably.
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Isuzu’s NRR EV, a zero emissions electric truck, has now qualified for California Hybrid and Zero Emission Truck and Bus Voucher Incentive Project (HVIP) eligibility by the California Air Resources Board (CARB).
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The Bollinger B4, with a GVWR of 15,500 pounds, will be available later this year and the company said it qualifies for up to a $40,000 federal tax credit under the Inflation Reduction Act of 2022.
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Only 16 models are now eligible for a full or partial tax credit, which will factor into the vehicle choices for private- and public-sector fleets as well as the vast American retail vehicle market.
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CAR 2023: Consignors and auctions can expect better resales on used electric vehicles if they know how to make the most of incentives, credits, and rebates.
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As more electric vehicle models enter the market and Tesla loses momentum, automakers compete for market share.
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The Inflation Reduction Act changes the availability of electric vehicle tax credits to only those assembled in North America. Several popular EVs — Hyudai Ioniq 5, Kia EV6, and BMW — i4 aren't eligible.
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Vehicles from the VW Group are the most in demand. With more than 150% growth in the past year for the Group, the Audi Q4 e-tron knocked the Tesla Model 3 from top spot.
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The Plug-in Car Grant is reduced by £1,000 to a maximum of £1,500. Only vehicles that cost less than £32,000 (previously £35,000) are eligible. The changes became effective Dec. 15, 2021, which means that any unordered vehicles are not eligible for the higher grant.
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