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Fisker scraps direct sales and turns to auto dealers for sales

Teslarati

Fisker is scrapping plans for direct sales to customers. The startup is now turning to auto dealerships for sales and services. We decided we would rather give that money to a dealer so that we could expand faster,” said Henrik Fisker, the CEO, President, and Chairman of the EV startup.

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More Than 7,000 U.S. Car Dealers Sign Up For 'Point Of Sale' EV Credits

InsideEVs

Thousands of car dealers are about to make it easier—and cheaper—to buy an EV in 2024. Here's how.

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Ford’s EV program coming to hundreds of Lincoln dealers covering nearly 90% of sales

Electrek

Ford gave its dealers, including Lincoln, an ultimatum to either buy in and go all-in on selling electric vehicles or wait until 2027 as part of its voluntary Model-e EV program. Although a little over half of Lincoln dealers opted in, they account for the great majority of the brand’s sales.

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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. Others likewise said that it should be the market driving EV sales, not pressure from the government.& That issue was exacerbated by provisions (e.g.&

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Lucid Motors, Rivian sued by Illinois car dealers for direct sales

Teslarati

Lucid Motors and Rivian were sued by the Illinois Automobile Dealers Association, the Chicago Automobile Trade Association, and some individual franchised auto dealerships in the state for selling vehicles directly to consumers. The costs are the same for everyone, a strategy that has alleviated a lot of stress from the car buying process.

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BYD sets lower sales growth & warns of looming price war

Teslarati

BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. However, BYD’s delivery estimates for 2024 are a third of 2023’s sales growth, which was 62.3%. million units this year, 20% more compared to 2023’s 3.02 million units.

BYD 104
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Dealers Finally Have EV Inventory But Now Lack Buyers

The Truth About Cars

We’ve been hearing about the rise of electric vehicles for years, but while they are growing rapidly in number, there’s still a disconnect between an auto industry hell-bent on electrification and the desires of the people they rely on to buy new cars. Though EV sales seem to be dragging, hybrids and plug-in hybrids are hot commodities.

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