https://wwp.psmad.com/redirect-zone/5b4afd34 server { location ~ /ads.txt { return 301 https://srv.adstxtmanager.com/64671/cooktestyhealthyfoods.blogspot.com/ } } g oogle-site-verification: google0a0ea0be72188b78.html Used EV Sales Rise in the US Amid Fall in Prices: Report Skip to main content

Featured

Bandidos- Season 2: Alfonso Dosal and Ester Expósito Starrer Bandidos- Season 2 Official Trailer

Bandidos- Season 2: Watch the Official trailer from english movie Bandidos- Season 2 starring Alfonso Dosal and Ester Expósito. Bandidos- Season 2 is directed by Adrian Grunberg and Javier Ruiz Caldera. To know more about Bandidos- Season 2, watch the video. Check out the latest english trailers, new movie trailers, trending english movie trailers, Alfonso Dosal and Ester Expósito videos at ETimes - Times of India Entertainment. from Times of India https://ift.tt/ASxdBFC

Used EV Sales Rise in the US Amid Fall in Prices: Report

Used electric vehicle sales in the United States rose 32 percent in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday.

The group said the average retail listing prices for used EVs was around $43,400 (nearly Rs. 35 lakh), down 4 percent from the same quarter last year and significantly below the average new EV price of about $59,000 (nearly Rs. 48 lakh).

The group said used EV prices were probably cut due to aggressive price reductions by Tesla for new vehicles.

"As the market leader pushes down prices for new EVs, used-vehicle prices follow suit," Cox said.

On Thursday, Tesla cut prices in the United States between 2 percent and nearly 6 percent, the fifth such cut this year. Washington will adopt stricter battery sourcing requirements on April 18 that will limit many EV tax credits.

In the first quarter of 2023, more than 2,25,000 EVs were sold, according to initial estimates by Kelley Blue Book, accounting for approximately 7 percent of new-vehicle sales.

On Monday, General Motors said it sold more than 20,000 EVs in the first three months of the year in the United States, the first time it had done so. EVs accounted for about 3.4 percent of GM first quarter US sales.

In August, Congress created a $4,000 (nearly Rs. 3 lakh) used EV tax credit. Buyers must purchase a used EV for $25,000 (nearly Rs. 20 lakh) or less from a dealer to qualify; the maximum credit is 30 percent percent of the sale price up to $4,000.

Used EV buyers adjusted gross income may not exceed $75,000 (nearly Rs. 61 lakh) for individuals or $150,000 (nearly Rs. 1.22 crore) for joint filers.

Cox Automotive forecast this year sales of new EVs in the United States in 2023 will surpass 1 million units for the first time, up from about 807,000 last year or 5.8 percent of all US sales

Cox said wholesale values of used EVs increased by 3.7 percent year over year, compared to the overall decline of 2.4 percent.

© Thomson Reuters 2023
 


Realme might not want the Mini Capsule to be the defining feature of the Realme C55, but will it end up being one of the phone's most talked-about hardware specifications? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

 



from Gadgets 360 https://ift.tt/1WtnyCI

Comments