EV Leasing Boom: Tax Credit Deadline Approaching
EV leasing surged to 70% in July due to the up-to-$7,500 tax credit expiring Sept 30. Automakers are pushing leases. Best deals are available during the Labor Day weekend. Limited EVs for Tax credit.
EV Adoption: Challenges in Industrial & Commercial Fleets
Industrial EV adoption remains low, especially in fleets. Tax credit removals hinder progress, impacting the used car market and overall U.S. EV adoption. Cost and infrastructure are key barriers.
EREVs: Bridging the Gap to Full EVs, China’s Adoption Surge
Extended-range electric vehicles (EREVs) are gaining traction, especially in China. EREV sales jumped 83% in China. EREVs offer a practical transition to full EVs amid charging infrastructure concerns and EV sentiment.