CARB seeks wavier under Clear Air Act to implement its new rules by 2035.
Meanwhile, it’s cheaper now to lease an EV than to buy one.
NADA says estimate doesn’t include service equipment, power company costs.
They say profit margins from combustion vehicles will rise for a few years until a widespread consumer shift toward electric vehicles.
Sources cite EPA concerns over finalizing the intricacies of the EV portion of ruling by the June 14 deadline.
Law treats leased vehicles as commercial, giving consumers an end around.
S&P Global Mobility research finds the average age of gas-powered U.S. cars and light trucks has climbed to 12.5 years.
Consumer demand also ballooned in period of dealership infrastructure investment in transition.
Strong result driven by higher sales volume, consistent cost management and focus on efficiency.
EV market leader's price swings still rippling across the industry.
