As federal EV incentives near expiration, a new study shows demand has stalled, used supply is surging, and Tesla models top the list of vehicles losing the most value.
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Electric vehicle sales dipped in the second quarter, despite record incentives and a growing model lineup. The market braces for a federal tax credit phase-out that could skew sales trends.
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The electric vehicle market looked like a grab bag of trends as industry pressures and market dynamics shift.
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April figures show an electric vehicle market facing several challenges that reflect broader economic trends.
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Consumer confidence plunges worse than expected across leading indexes after tariffs and added import duties seep into automotive markets.
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As April opened, the total supply of new vehicles on dealer lots across the U.S. was down 10%+ and counting with days' supply down to 10.
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Uncertainties in policy changes are creating challenges for automakers as they await further information.
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The tightening of days' supply for new and used electric vehicle markets shows healthy consumer interest.
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The latest numbers on sales, days' supply, and average transaction prices show a growing EV market at the end of 2024.
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The market moves reflect an ideal blend of improved consumer sentiment, bigger discounts, and evident optimism in the market.
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