The tax credits lower the cost of an electric vehicle by thousands of dollars. The GOP tax and spending bill ends the credits on September 30.
More inventory is good for buyers.
They aren’t keeping as many vehicles on their lots as before the pandemic, but they have way more than they had during it.
The goal: Make buying an electric vehicle more attractive and simpler.
In March, the average new car sold for $171 below asking price, according to Kelley Blue Book. But that’s still higher than before COVID.
Demand for autos has been strong throughout the pandemic. But in recent months, demand has been softening, thanks in part to rising interest rates and elevated prices.
Mark Kugman of Kugman Motors in St. Louis has two answers — one simple and one more complicated.
Researchers are trying to figure out what impact COVID-19 will have on auto purchases.
