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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.

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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. They're a way to potentially free up precious street space, provide alternatives to automobiles and reduce energy consumption and harmful emissions. Industry analysts expect that uptick in adoption to continue.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

The biggest barrier is the battery." GMs program relies on lithium-ion battery technology that Gioia called "cost, weight and package prohibitive." Now Lutz envisions selling hundreds of thousands of Volts a year, probably priced below $30,000. The big thing is how fast they can bring the battery cost down," he said.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

But it is a price that must be paid, and GM should be commended for remaining committed to the Volt. Its been improving over time, but the power density and cost issues are still steep for what exists thus far. Engineering proptypes enjoy a tax break. Former vice chairman Bob Lutz said as much a year ago. Way to go morons.

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