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EV Resurgence: Is 2024 the Turning Point for Electric Cars?

The Truth About Cars

Photo credit: Suwin66 / Shutterstock.com The electric vehicle (EV) market is experiencing a significant growth in 2024 , with expectations for sales of passenger EVs to climb by 21 percent in 2024, reaching 16.7 Stability in Europe Europe is likely to witness a stable increase in EV sales, with projections of 3.4 million EV sales.

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Rivian CEO outlines ‘master plan’ in new interview

Teslarati

The first product Rivian fans can look forward to is the brand’s R2 line of vehicles , which the CEO distilled very well, pointing out that they will be a more affordable offering than the R1 vehicles currently for sale. What do you think of the article? The Rivian CEO agreed with this approach wholeheartedly.

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Used Tesla vehicles crush industry average depreciation despite price cuts

Teslarati

Most prominently, Recurrent believes Tesla owners are holding onto their vehicles for longer than ever, which can be seen in the decreased number of used Teslas for sale. Recurrent reports that the number of used Tesla vehicles for sale has been cut in half since one year ago. Credit: Recurrent Auto What do you think of the article?

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Tesla Model 3 Highland spotted with significant interior changes

Teslarati

While the Model 3 is no longer Tesla’s best-selling vehicle, it is still a key sales contributor and the better option for customers looking for something smaller, more sporty, or more affordable. Image Credit: u/ffiarpg/Reddit What do you think of the article? Do you have any comments, questions, or concerns?

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Tesla inventory volumes in Europe indicate potential upcoming price cut

Teslarati

Despite this success, Tesla saw a slight but noticeable decline in sales in the European market during the year’s first quarter. The revelation regarding Tesla’s European inventory spike was posted on Twitter by Troy Teslike , who tracks Tesla sales and production. What do you think of the article?

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This Volkswagen EV Now Comes with Full Tax Credit Benefits

The Truth About Cars

Beginning in 2024, eligible customers will have the option to apply the tax credit directly at the point of sale as a down payment by transferring the credit to participating dealers. Sales Performance and Impact of the ID.4 Sales Performance and Impact of the ID.4 4 and how the tax credit enhances its accessibility.

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Used Tesla prices remain inflated despite price cut

Teslarati

More anecdotally, looking at used Teslas for sale near me on Facebook Marketplace and Craigslist yielded only slightly better findings. This isn’t to say that there aren’t any great used EVs as options for those looking for an affordable entry point. Despite iSeeCars finding that the average used EV for sale in the U.S.

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