Remove Building Remove Buy Remove Dealers Remove Tax
article thumbnail

Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges.

Dealers 105
article thumbnail

UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.

Davis 290
article thumbnail

Everyone’s EV

Electric Auto Association

GM to the rescue “I attended the LA Auto Show and found that the best EV-buying tips came from Chevrolet,” Fellows recalled. Go online, build the car you want, print the price out, and present it to the dealer’ is what they told me.” “It We can’t allow the dealers to pull this on buyers.

article thumbnail

Auto Lobby Wants Input on Government EV Policy Before Changes Are Made

The Truth About Cars

But they’re also trying to circumvent emissions regulations and noticed that building increasingly large SUVs and pickups (at the expense of everything else) allowed them to simultaneously do both. Automakers want to maximize their per-vehicle profits to help offset declining annual vehicle sales.

Auto 59
article thumbnail

Five EVs that lease for under $300/month

Baua Electric

The Hyundai IONIQ 6 / Credit: Hyundai North America Last February there were nine EVs that leased for an average monthly cost of under $400 before tax and license. Hyundai dealers don’t stock many of these gems. So those willing to settle for the base model’s relatively mild 8.7-second

Dealers 52
article thumbnail

Hyundai undercuts Tesla Model 3 by $9,300 with 2024 IONIQ 6 special cash offer

Baua Electric

With a new special cash offer, the 2024 Hyundai IONIQ 6 can be significantly cheaper to buy than the upgraded Tesla Model 3 Highand. That’s to buy, not for a lease like previous deals. It’s essentially like receiving the full EV tax credit with a new purchase. Hyundai is offering a $7,500 purchase incentive on the 2024 IONIQ 6.

Hyundai 52
article thumbnail

Hyundai fast-tracks start of EV production in the US as it gains recognition with its own day

Baua Electric

The automaker now expects to begin building electric cars in the US in the fourth quarter of 2024, with the grand opening in the first quarter of next year. Hyundai initially planned to begin production early next year, but the automaker is plowing ahead with the $7,500 federal tax credit on the line.

Hyundai 52