Remove Auto Industry Remove Dealers Remove Tax Credit
article thumbnail

Dealers Finally Have EV Inventory But Now Lack Buyers

The Truth About Cars

We’ve been hearing about the rise of electric vehicles for years, but while they are growing rapidly in number, there’s still a disconnect between an auto industry hell-bent on electrification and the desires of the people they rely on to buy new cars.

Dealers 98
article thumbnail

Tesla led the EV market closer to ICE price parity in 2023: Cox

Teslarati

This figure was not far from the $48,759 considered to be the average price of an ICE vehicle in the same month Following Tesla’s lead, the rest of the auto industry saw an average EV sticker price of $50,798, showing a similar downward trend throughout the year.

Price 118
article thumbnail

Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

article thumbnail

Was the Jeep Wrangler 4xe 2021’s 3rd Highest-Selling EV in the US?

EV Adoption

I’m estimating 28,000 as an executive with a leading auto analyst firm confirmed to me privately that their registration estimates for 2021 put the RAV4 Prime and Wrangler 4xe as a toss up. Auto Industry Analyst. I can’t tell you our exact number but if they beat RAV it was very narrow. Flip a coin.

Jeep 98
article thumbnail

Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

Well, America’s auto industry delivered over 100,000. That helped us become the world’s greatest industrial power. It helps that the auto industry will be building more efficient new vehicles. Right now, buyers of new plug-in cars get up to $7,500 in tax credits. And no one asked what it would cost.

Oil 252
article thumbnail

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized.

Plug-in 218
article thumbnail

All the best EV (and PHEV) rebate deals we could find for February 2025

Baua Electric

Cynics will point at big rebates and claim they mean the vehicle isnt selling, but that just exposes them as auto industry noobs. A rebate is powerful finance tool that helps dealers overcome obstacles like negative equity, poor credit, down payment requirements, and interest rate objections and, ultimately, get a deal done.

PHEV 52