Sales down as automakers adjust strategy after end of tax credits and in face of trade tariffs
Worldwide deliveries helped along by the end of incentives in the U.S. and the creation of aid elsewhere
September prices were pumped by EV and luxury sales.
StoneEagle finds that July’s lease market delivered a sharp rebound in volume led by a surge in electric-vehicle leasing, but the gains came at a cost.
Incentives are up to encourage consumers, Cox notes.
They say profit margins from combustion vehicles will rise for a few years until a widespread consumer shift toward electric vehicles.
A maze of unknowns when it comes to the transition away from ICE vehicles calls for soul-searching, careful planning.
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.
The Detroit automaker sold 1.86 million vehicles in 2022, down from 1.91 million in 2021.
EFG Companies announced the launch of Motorist Assistance Plan, an exclusionary vehicle service contract designed specifically for buyers of electric vehicles.
