Here’s why US EV, hybrid sales rose year-over-year in 2023
Baua Electric
FEBRUARY 2, 2024
The Inflation Reduction Act’s $7,500 tax credit also made EVs more compelling to consumers. So the gap between BEV and overall industry average LDV transaction prices shrunk from $19,000 in June 2022 to just $2,000 at the end of 2023, according to Kelley Blue Book data.
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