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Thousands of auto dealers sign up to offer new on-the-spot tax credit

Electrek

Now the rebate – which is up to $7,500 for new EVs that qualify, and up to $4,000 for used EVs that qualify – is available immediately when you purchase your car, rather than needing to wait potentially months to file a claim with your tax return. And auto dealers are signing up in droves with the IRS.

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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. As for dealers, there’s some amount of disagreement as to what’s holding EVs back. still used production quotas.

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Auto dealers bet big on new launches, positive sentiment for car sales boost

Baua Electric

Read more FADA is betting big on new car launches, positive consumer sentiments, high demand for SUVs, and improved availability of cars for short and long-term passenger vehicle sales growth in 2024. The FADA has projected a cautiously optimistic outlook for passenger vehicle sales in January 2024.

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China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

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Ford enables dealers to use the Mustang Mach-E as a rental car, expanding EV loaners

Baua Electric

Ford dealers can now use the 2023 Ford Mustang Mach-E as part of its rental car programs. Ford Mustang Mach-E turned into a rental car Ford’s Mustang Mach-E had a record year in 2023. According to online auto research firm CarsDirect , the 2023 Ford Mustang Mach-E is now included in Ford dealer rental programs.

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Car Insurance Rate Increases Offset the Gradual Price Drops

The Truth About Cars

New car prices are slowly returning to reality, but the universe isn’t done torturing buyers. A new report from Reuters found that insurance rates are climbing just as the financial pain of buying a new car is easing. It just so happens that many of those places are highly populated, driving up the averages for everyone.

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Volkswagen starts update program for ID.4 software in US, with performance improvements and new features

Green Car Congress

New features to enhance the charging experience and further improve system performance will be available on MY21 and certain MY22 vehicles. Eligible vehicle owners will receive formal notification once the update is made available to them. 4 is Auto Hold. This first update is a prerequisite for future features.

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