Washington — Leased vehicles will likely be able to qualify for new commercial electric vehicle tax credits without meeting stringent mineral and battery requirements or being built in North America, according to U.S. Treasury Department guidance released Thursday. It’s a victory for automakers like Rivian Automotive, Hyundai Motor and Kia Corp., as well as the… Continue reading New EV tax credits OK for leased vehicles, fed guidance says
Tag: Nissan
Hyundai has a card up its sleeve as it moves to dethrone Toyota, its electric vehicles
Hyundai is officially the third-largest automaker globally after jumpstarting the brand in 2022, behind only Volkswagen and Toyota. However, the South Korean automaker may have an advantage as the auto industry transitions to electric vehicles. The Hyundai Motor Company, including Kia and Genesis, is establishing itself as a true competitor after surpassing General Motors (GM),… Continue reading Hyundai has a card up its sleeve as it moves to dethrone Toyota, its electric vehicles
Tesla’s market cap drop is worth almost the entire legacy auto industry
Tesla’s loss in market capitalization equals almost the entire legacy auto industry combined – one of the most significant losses in value of all time. In 2020, Tesla became the most valuable automaker in the world. The company quickly blew past that and eventually reached a valuation of over $1 trillion. But that was last… Continue reading Tesla’s market cap drop is worth almost the entire legacy auto industry
Tesla made headlines in 2022, but the top-performing auto stock had nothing to do with EVs
The Ferrari SP38 seen at Goodwood Festival of Speed 2022 on June 23rd in Chichester, England. Martyn Lucy | Getty Images This year wasn’t about which auto manufacturer stock performed the best. It was about which stock managed to escape the worst of the year’s selling pressure. After significant growth in auto stocks in 2021,… Continue reading Tesla made headlines in 2022, but the top-performing auto stock had nothing to do with EVs
Cox Automotive Forecast: U.S. Auto Sales Expected to Finish 2022 Down 8% Year Over Year, as General Motors Reclaims Top Spot, Honda and Nissan Fall Significantly
Full-year 2022 U.S. auto sales are forecast by Cox Automotive to finish near 13.9 million units, a decrease of nearly 8.0% from 15.1 million in 2021 and down 20% from the market peak in 2016. The annual vehicle sales pace in December is expected to finish near 13.2 million, down 0.9… Go to Source
Cox Automotive Forecast: U.S. Auto Sales Expected to Finish 2022 Down 8% Year Over Year, as General Motors Reclaims Top Spot, Honda and Nissan Fall Significantly
Full-year 2022 U.S. auto sales are forecast by Cox Automotive to finish near 13.9 million units, a decrease of nearly 8.0% from 15.1 million in 2021 and down 20% from the market peak in 2016. The annual vehicle sales pace in December is expected to finish near 13.2 million, down 0.9 million from last month’s… Continue reading Cox Automotive Forecast: U.S. Auto Sales Expected to Finish 2022 Down 8% Year Over Year, as General Motors Reclaims Top Spot, Honda and Nissan Fall Significantly
Explainer: 2023 tax credits for EVs will boost their appeal
Washington — Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions. But a complex web of requirements, including where vehicles and batteries must be manufactured to… Continue reading Explainer: 2023 tax credits for EVs will boost their appeal
An EV-plosion awaits in 2023, and it’ll be packed with tech
2022 was the year that electric vehicles entered the mainstream. Not everyone has one, but buying an EV no longer makes you an outlier. Driven by policy initiatives from governments and billions of dollars in investment from automakers, we can safely say the EV industry has begun to take shape. Over the next year, that… Continue reading An EV-plosion awaits in 2023, and it’ll be packed with tech
Best car, SUV highlights of 2022
Carrying on its post COVID-19 recovery, the Indian automobile industry saw the easing of the supply chain crisis that had caused serious disruptions in 2021. Sales were back and September 2022 saw wholesale numbers set a new monthly benchmark of 3,55,946 units. There were, as expected, many new launches as well as crucial mandates, especially… Continue reading Best car, SUV highlights of 2022
Most Gulf markets rise as China eases COVID curbs
Saudi Arabia’s benchmark index gained 0.6%, led by a 1.4% rise in Al Rajhi Bank and a 1.1% gain in oil giant Saudi Aramco. Most major stock markets in the Gulf rose in early trade on Tuesday, after China announced it would further ease its COVID-19 restrictions, bolstering expectations of a demand recovery in the… Continue reading Most Gulf markets rise as China eases COVID curbs