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Report: Almost Half of America's New EV Sales Are Leases

The Truth About Cars

The rules around federal EV tax credits changed at the beginning of this year, making it more difficult for vehicles to qualify. percent, and cash sales accounted for just 16.6 Foreign automakers have seen an even higher rate of customer leases, with German brands like BMW, Mercedes-Benz, and Audi leasing nearly every EV sold.

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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. EV sales continue to increase as well, as the EV supply sits at 97 days at the beginning of October. At last check, we had 15 new EV models for sale that were not available a year earlier.

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Kia overtakes Hyundai in US electric vehicle sales in Q2 as its new EV9 sparks growth

Baua Electric

After EV sales more than doubled in the second quarter, Kia looks to keep up the momentum as its new EV9 helps gain market share. Kia’s first three-row electric SUV is already fueling a sales spike. With the Niro EV included the growth was enough for Kia to surpass Hyundai in US EV sales in Q2. BMW 24% 4.3% BMW 24% 4.3%

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Why Tesla Model Y tax credit inclusion is good for some and bad for others

Teslarati

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.

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The Tesla Model 3 was a force to be reckoned with in Germany’s Dec 2021 vehicle sales

Teslarati

This effectively made it the 2nd-best-selling car in Germany, only behind the much smaller and much more affordable Volkswagen e-up!, In December 2021, KBA data indicated that Mercedes-Benz sold a total of 3,392 C/CLA-Class units, BMW sold a total of 2,875 3/4 Series, and Audi sold a total of 2,362 A4/5, S4/5, and RS4/5.

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Carvana trends report: Used EVs narrow price gap with ICE cars, triggering sales growth potential

Baua Electric

According to the data gathered, Carvana saw that its used EV sales mix achieved new highs while the price margin compared to traditional combustion vehicles narrowed. The EV trends report combines Carvana’s EV sales data by state plus other metrics from Kelly Blue Book and MarketCheck. of Carvana’s sales in The Sunshine State were BEV.

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Rivian Will Give You a Discount to Trade In a Gas Vehicle for a New R1 Model

The Truth About Cars

Rivian sells two compelling EVs that have garnered a good deal of happy customers, but they’re far from affordable. At around $70,000 to start, the brand’s R1T pickup and R1S SUV are out of reach for most buyers, even after the $3,750 federal tax credits for some models.

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