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Car Dealers to President Biden: ‘enthusiasm has stalled’ for EVs

Teslarati

Over 3,000 car dealers sent a letter to President Biden expressing their concerns about his administration’s push toward electric vehicles (EVs). Car dealers have informed the President that enthusiasm for electric vehicles has stalled, hinting at concerns over the demand for EVs.

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Cadillac Is Buying Out Dealers That Don’t Want To Modernize In Order To Compete With Tesla

CleanTechnica EVs

Last year, Cadillac started offering its dealers cash in return for giving up their franchise rights if they didn’t want to be a part of the new automotive industry that includes electric vehicles. In other words, invest the funds to modernize your dealerships or get out of the industry.

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Tesla Model 3 LR AWD now qualifies for Point of Sale $7,500 EV tax credit

Teslarati

Tesla’s Model 3 Long Range All-Wheel-Drive configuration has appeared on the list of vehicles qualifying for the IRS’s $7,500 electric vehicle tax credit, enabling carbuyers to get their rebate in a new Point of Sale method that the agency announced late last year. Buying an EV?

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Tesla (TSLA) receives “Buy” rating and higher price target from Jefferies

Teslarati

Tesla shares ( NASDAQ:TSLA ) are gaining momentum on Monday following a “Buy” rating and an updated price target from Jefferies. Houchois and his team noted that they expect Tesla in particular to benefit over its rival carmakers that are also moving into the electric vehicle segment.

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Tesla becomes the target of Chevrolet National Dealer Council chairman’s EV goals

Teslarati

Keith McCluskey, the Chevrolet National Dealer Council chairman, has his sights aimed high as the veteran automaker increases its efforts to break into the growing electric vehicle sector. “We want to beat Tesla on EVs. About 240 fleet operators have placed orders for the all-electric pickup truck as well. .

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning.

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Which Dealers Are EV Friendly – 2024 Update

EV Club of CT

A consumer is shopping for an EV that isn’t a Tesla, Rivian, or Lucid. Maybe they had a poor dealer experience or their. Can You Recommend a Dealership? It is a common query we get. Read more

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