Tips & Advice
Hyundai Offers $7,500 Incentive to Boost American EV Sales, Aims to Accelerates EV Adoption
Hyundai offers a limited-time cash incentive of up to $7,500 for US electric vehicle buyers until January 31. This move aims to compete with rivals benefiting from federal tax credits and includes models like the Ioniq 5, Ioniq 6, and Kona Electric. Hyundai is also expediting construction in Georgia to start EV production by 2024, potentially qualifying for $2.1 billion in tax breaks.
By Dabbie Davis
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Hertz Shifts Gear: Electric Rentals Out, Gas Models In
Hertz, a major player in the rental industry, is set to sell 20,000 electric vehicles (EVs), including Teslas, Chevrolets, and BMWs, opting for gas-powered models due to heightened repair costs. The move aligns with a broader trend seen in Ford and GM, slowing down their electric vehicle production. Hertz's 2022 orders of 100,000 Teslas and 65,000 Polestar EVs signal a significant shift.
By Dabbie Davis
GM Rolls Out $7,500 Incentive on EVs Disqualified for Tax Credit
Amidst new regulations disqualifying certain electric vehicles from tax credits, GM fights back with a $7,500 incentive on affected models. Ford, however, intends to raise prices by $10,000 on specific F-150 EVs. Treasury guidelines aimed at reshaping battery sourcing have significantly altered the industry landscape, intensifying competition and prompting strategic responses from major automakers.
By Dabbie Davis
10 Used Luxury Cars with Budget-Friendly Price Tags to Buy in 2024
Struggling with the dream of owning a luxury car due to sky-high costs? Explore hope with the Top 10 Used Luxury Cars at Affordable Prices. This curated list, spanning SUVs to sports cars, provides options that won't break the bank. Discover feasible luxury, sourced from Kelley Blue Book data.
By Dabbie Davis
Year End Report: 2023 Wraps Up with 5% Dip in Used Car Prices
As 2023 draws to a close, used car prices drop by 5%, providing a silver lining amidst high interest rates. Strengthened supply chains and higher new car production contribute to this favorable decline. A promising trend for buyers, with projections pointing to continued affordability in 2024.
By Dabbie Davis
New Year, New Car: 6 Best Holiday New Car Deals that Bring Great Savings
As the year-end approaches, many consumers are on the hunt for budget-friendly car deals to check off their bucket lists. GoBanking Rates has compiled the "6 Best Holiday Deals on New Cars " guided by expert insights from Jim Sharifi, the managing editor of U.S. News' automotive department.
By Dabbie Davis
Honda: New Strategy Takes Shape as Brand Bid for Younger Drivers
Amid soaring car prices, American Honda steps up to the plate, introducing a groundbreaking Certified Pre-Owned (CPO) leasing program. Offering favorable loan terms, this initiative aims to make car ownership accessible to a wider audience, easing the financial burden on both young and mature buyers.
By Dabbie Davis
