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BMW EV sales skyrocket in 2022, spur further growth in 2023

Teslarati

According to BMW 2022 sales data, the premium German automaker more than doubled its EV sales during the year compared to 2021. BMW has received significant criticism for falling behind in the electrification of its lineup, and its German stock offering has suffered the consequences. to 215,775 units globally.

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BMW is Willing to Pay to Attract Customers from Other EV Brands

The Truth About Cars

Tesla might not be the most dominant EV maker in the world, but it’s on top of the market here in the United States. BMW is hoping to take some of the shine off of Tesla’s crown with a new incentive that gives buyers a $1,000 discount to buy one of its new EVs. Image: BMW] Become a& TTAC& insider.

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The Tesla Model 3 was a force to be reckoned with in Germany’s Dec 2021 vehicle sales

Teslarati

This is especially impressive considering the fact that Teslas sold in Germany today are still imported from China and the United States due to Giga Berlin still not being allowed to operate. The results of Germany’s vehicle sales in December 2021 bodes very well for the electric car revolution as a whole.

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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. Formerly eligible models from BMW, Audi, Volkswagen, and Volvo have been bumped off the list.

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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

While luxury automakers Audi, Mercedes-Benz, and Porsche all marked September 2023 with increases in pricing compared to the same month a year prior, Tesla helped offset these increases with cuts of its own in the United States. EV sales continue to increase as well, as the EV supply sits at 97 days at the beginning of October.

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VinFast Went Public and Quickly Exceeded Legacy Automakers' Valuations

The Truth About Cars

That rise in valuation makes VinFast more valuable than several legacy automakers, including Ford and BMW. Even so, it’s an encouraging sign for VinFast, whose fortunes haven’t trended positively since its launch in the United States. in trading yesterday. & [Image: VinFast] Become a& TTAC insider.

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Tesla’s huge price cuts are hitting the stock one way and its outlook in another

Teslarati

Tesla ( NASDAQ: TSLA ) pushed huge price cuts on its vehicles in both the United States and China within the past few weeks, but the automaker’s decision is hitting the stock in one way and its outlook in another. After the Austin-based automaker slashed prices by as much as $13,000 in the United States and 13.5

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