The Internal Revenue Service (IRS) on Monday released an introduction for the full eligibility rules for the revamped federal EV tax credit, and it looks like automakers—as well as sellers—will have to submit a lot of reports. The Inflation Reduction Act (IRA) re-upped the $7,500 credit, but added new requirements […]
Automakers
Which cars, trucks, crossovers, and SUVs won’t come back for an encore next year? We have the list. But first, some observations. The dawn of the electric age arrives with the sunset of the sedan. Though unrelated, consumers continue to migrate to crossover SUVs and have begun adopting electric powertrains in […]
To recap: yes, early cars were still susceptible to rust, but they were thickly built to the point that most had been sent on their way in favor of something new before their original owners started to notice any major problems. That all started to change in the early 1970s. […]
New cars require a lot of processing power, and that’s been a problem during the global semiconductor shortage. Kyle Hyatt/Roadshow In case you hadn’t heard, there’s a global silicon chip shortage. In addition to causing problems for people trying to build gaming computers, it’s giving serious trouble to automakers worldwide. […]
A drop-off in auto sales usually sends incentives soaring and profits plummeting. Not in 2020, amid the biggest one-year decline in U.S. light-vehicle sales since the Great Recession. Instead, tight inventory levels resulted in smaller discounts and a stronger bottom line for many automakers and dealers. In December alone, the […]
Automakers are awakening from their holiday slumbers with full-year sales data for 2020. It goes without saying that the coronavirus pandemic had a massive impact on global auto sales last year, but just about every player in the market reported improvement in the second half of what amounted to a […]