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Tesla has built a commanding lead over most major rivals in profit per vehicle, according to Reuters research.
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Auto industry analysts remain on high alert for “demand destruction” as high interest rates, escalating vehicle costs, and a down economy threaten auto sales.
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Brand says 60% enrolled in certification program.
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Report shows pace of adoption building as ICE vehicles wane.
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Average vehicle transaction prices continue to soar, according to data released by Kelley Blue Book.
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‘Virtual power plant’ initiative could also benefit automotive industry.
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Without an SUV classification, the Cadillac Lyriq exceeds the price threshold for federal tax credits for EVs.
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U.S. electric vehicle purchases climbed to 5.8% of all vehicles sold in 2022, up from 3.2% in 2021, according to Motor Intelligence.
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In the fourth quarter, Stellantis reported new vehicle sales declined 16% to 347,669 vehicles.
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As of January 1, consumers can lease electric vehicles and qualify for up to $7,500 in commercial clean vehicle tax credits.
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