Tag: U.S
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Despite high interest rates, U.S. auto sales increase by 5% in the first quarter while electric vehicle growth stagnates further
DETROIT — New vehicle sales in the U.S. rose nearly 5% from January through March, as buyers stayed in the market despite high interest rates. But electric vehicle sales growth slowed during the first three months of the year, with mainstream buyers wary of limited range and a lack of charging stations. Automakers, most of…
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U.S. Shoppers Demand Additional EV Choices Beyond Tesla
Parked TeslasJustin Sullivan/Getty Images EV shoppers want more choices than Tesla. Latest EV survey results could spell trouble for Tesla growth. This is the latest sign that the EV slowdown is catching up to Elon Musk. Electric vehicle shoppers are getting tired of Tesla. According to an annual study by UBS, well over half of…
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The Ineos Grenadier Quartermaster pickup has a U.S. starting price of $86,900.
Order books for the Ineos Grenadier Quartermaster pickup are now open. The bedded version of the Grenadier “station wagon” SUV is produced at the company’s plant in Hambach, France, meaning it needs to pay the 25% Chicken Tax in order to get past the customs authorities here. So, whereas the Grenadier wagon starts at $71,500,…
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Ohio senator advocates for permanent U.S. ban on Chinese EVs under Biden administration.
WASHINGTON — The chair of the Senate Banking Committee on Thursday urged President Joe Biden to block Chinese-made vehicles from the United States auto market, marking the strongest call yet for action against China’s automakers by a U.S. lawmaker. “I implore you to take bold, aggressive action and to permanently ban EVs produced by Chinese…
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$580 million in point-of-sale EV tax rebates already issued by U.S. this year
WASHINGTON — The U.S. government has reimbursed auto dealers for more than $580 million in advance point-of-sale consumer electric vehicle (EV) tax credit payments since Jan. 1, the Treasury said on Friday. Prior to 2024, U.S. auto buyers could only take advantage of the new EV credit of up to $7,500 or the $4,000 used…
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As car prices drop for U.S. buyers, soaring insurance costs become a new challenge
A different type of shock has hit American car buyers like Darin Davis. When renewing the insurance on his 2024 Cadillac XT4 in January, the rate nearly doubled for the 56-year-old Dallas real estate agent who had purchased the car just a few months earlier. “Paying so much money takes away the enjoyment of owning…