Remove Automobile Industry Remove Battery Powered Remove Price Remove Tax Credit
article thumbnail

Are Rising EV Inventories Proof Nobody Wants Them?

The Truth About Cars

Despite elevated fuel prices, aggressive marketing, and most companies vowing to transition toward building electrified automobiles exclusively, America has an EV supply of more than 100 days on dealer lots. However, government incentives (EV tax credits) have made them more attractive in the general sense.

article thumbnail

The World’s Most Popular EVs Aren’t Cars, Trucks, or Motorcycles

Cars That Think

billion in tax credits to further stimulate an already booming EV market that Elon Musk hasn't even dabbled in. Exact figures on industry sales are hard to pin down; yet The New York Times quoted experts saying Americans bought roughly 500,000 e-bikes in 2020, compared to about 210,000 plug-in automobiles. When the U.S.