Q2 new electric vehicle sales are up 11% from EV sales in Q2 2023 due mostly to improved availability, higher discounts, and elevated levels of leasing.
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Shoppers will no longer pay a premium for electric vehicles and consider electric powertrains a detractor, making them less desirable, iSeeCars study shows.
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CAR 2024: Negative media headlines about EVs abounded in the past year, bringing a dose of reality mixed with some exaggeration that data and facts can correct.
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Overall, new EV prices peaked in the summer of 2022, during the last gas price surge, and have since generally declined.
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Evaluating the workload, usage, and total cost of ownership of vehicles across a fleet helps managers understand where to incorporate EVs for the best results.
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These fleet vehicle models were displayed and promoted at the annual GM Envolve Solutions Summit for fleet managers held April 24-25 in Las Vegas.
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The share of new-vehicle sales from luxury brands drove up average transaction prices, when combined with fewer discounts and incentives, caused new vehicle affordability to fall.
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CAR 2024: An expert executive from JD Power shares the global firm’s latest analytics and insights on the used and new vehicle markets and the current and future state of electric vehicles.
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CAR 2024: An all-star panel of economists and data analysts find that used/wholesale vehicle prices and values will remain above the previous “normal” levels last seen in the late 2010s.
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The Q1 2024 decline in electric vehicle sales was the first quarter-over-quarter downturn since Q2 2020.
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