The end of federal EV tax credits jazzed overall sales in July, August and September. But with EV sales likely to plummet, the industry faces increasing headwinds.
Consumer spending has remained resilient as the top 10% of earners accounted for roughly 50% of consumer spending in the third quarter. But one of the “luxury” goods they are spending it on is simple mixture of salt and cream.
Walmart says 90% of products from in-store brands are already free of these additives. But even a 10% change for a retailer as massive as Walmart can have a big effect on the industry
Before federal EV tax credits expire at the end of this month, dealers are seeing an influx of customers — but many worry payments from the IRS may be delayed.