Thursday, November 21, 2024
As automakers spotlight their sleek new electric vehicles (EVs), many transitioning from gasoline cars are opting for hybrids as a transitional choice in their shift toward electrification. With the average EV price still high at $50,000, a significant number of buyers find it financially challenging, and impending regulations may impact federal tax credit eligibility.
The electric vehicle (EV) market has stable year-over-year growth but erratic monthly and quarterly sales patterns. A recent report from a car buying and research firm, illuminates these tendencies, particularly for used EVs. EV price drops and selling used electric vehicles take longer time.
A recent approved law will lay the foundation for prohibition of owning and selling new gasoline powered cars in New Jersey. The Department of Environmental Protection initiated this move. It filed the Advance Clean Cars II last Tuesday.
