Remove Automobile Remove Cash For Clunkers Remove Environment Remove Tax
article thumbnail

Report: Dealers Worried About Getting EV Refunds From the Government

The Truth About Cars

Nobody likes bureaucratic red tape or waiting on payment and this seems to have become a sticking point for retailers nervously waiting to see how the United States’ updated EV tax credit scheme plays out. Car dealers are asset rich and cash poor. Cash flow is something we look at every single day in a car dealership," she continued.

article thumbnail

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Silent engines, positive impact on the environment, and decreased fuel costs are all reasons for this transition to EVs. As a result of the lockdown, automobile production ground to a halt in several leading car manufacturing countries. For the past few years, EVs became an increasingly popular choice amongst drivers.

Economy 52