Auto Supply Blog » EVs

December 20th, the U.S. Department of the Treasury renewed the "safe harbor" for Section 45W clean vehicle tax credits for commercial vehicle sales in 2024. Companies will still be able to lease qualifying electric vehicles (EVs) in 2024 and pass on to consumers up to $7,500 from the tax credit they receive.

Following an incredible, whirlwind, three-year high fueled by outsized promises and expectations spurred on by a seemingly endless supply of money and government edicts, the EV world finds itself taking four ibuprofen and guzzling a quart of Gatorade as it attempts to recover from its current hangover. The industry has difficulty shaking the cost, range anxiety, and charging time trilogy with potential buyers beyond...

Hertz Global Holdings had announced that it would sell one-third of its electric vehicle (EV) fleet due to limited customer demand and the underestimated cost of maintaining EVs. The company had aimed to make up 25 percent of its vehicle inventory with EVs by the end of this year, but that goal has changed. The move will result in 20,000 used EVs hitting the market...