EV Sales Keep Up Growth in 2022
Report shows pace of adoption building as ICE vehicles wane.
Report shows pace of adoption building as ICE vehicles wane.
Average vehicle transaction prices continue to soar, according to data released by Kelley Blue Book.
‘Virtual power plant’ initiative could also benefit automotive industry.
Without an SUV classification, the Cadillac Lyriq exceeds the price threshold for federal tax credits for EVs.
U.S. electric vehicle purchases climbed to 5.8% of all vehicles sold in 2022, up from 3.2% in 2021, according to Motor Intelligence.
In the fourth quarter, Stellantis reported new vehicle sales declined 16% to 347,669 vehicles.
As of January 1, consumers can lease electric vehicles and qualify for up to $7,500 in commercial clean vehicle tax credits.
Joins growing list of carmakers embracing electrification.
Buick dealers must invest $300,000 to $400,000 to sell and distribute the OEM’s EV lineup.
GM has recalled 140,000 Chevrolet Bolt electric vehicles in North America over a potential fire risk when seat belt pretensioners deploy in a crash.
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