News
Used EVs Strengthen Overall Electric Vehicle Market
The latest sales data point to several reasons for the divergent trends in new and used EVs that can factor into fleet cycling decisions.
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The latest sales data point to several reasons for the divergent trends in new and used EVs that can factor into fleet cycling decisions.
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A group of leading businesses has formed the American Fleet Leadership Coalition to maintain the Inflation Reduction Act’s 45W Commercial Clean Vehicle Tax Credit.
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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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