They say carmakers haven’t done enough to mitigate lack of standard engine immobilizers in 2011 to 2022 models.
They say recently announced upgrades aren’t enough to stem ‘alarming' increase in stolen models without antitheft tech.
Tax credit change that requires EVs be assembled in North America cited for the surge.
Parts to build new vehicles and repair and maintain existing ones remain in short supply.
Analysts say industry is slowly returning to historically normal conditions.
Improved inventory levels and higher retailing cited for the sales boost.
Loosening inventories balance economic pressures, including rising interest rates.
Hyundai may not maintain its EV sales momentum if it can no longer qualify for U.S. tax credits under the Biden Administration’s Inflation Reduction Act.
The field of finalists for the 2023 North American Car, Truck and Utility Vehicle of the Year Awards includes six battery-electric vehicles.
South Korea wants a three-year grace period on the U.S. Inflation Act to enable Korean automakers to keep receiving U.S. electric vehicle (EV) incentives.
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