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Top related persons:
Liz Najman - 2 — - 1 you'd - 1 Akshay Honnatti - 1 Tesla - 1 Tesla's - 1 It's - 1 Stephen Beck - 1
Top related locs:
EY Americas EVs
Top related orgs:
Service - 1 EV you've - 1 Dealers - 1 IRS - 1 Tesla - 1 Shoppers - 1 Morning - 1 Elon - 1

Search resuls for: "Liz Najman"


3 mentions found


☆ There's a Catch If You Wait to Buy Your EV Until 2024
  + stars: | 2023-10-15 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +5 min
The rules for how electric car buyers receive federal tax credits have changed. But there are caveats that EV shoppers should be aware of, experts say. Throughout 2023, car shoppers have been able to take advantage of revised EV tax credits incentivizing them to buy plug-in. But instead of receiving a rebate, they'd lose whatever amount of the used EV tax credit they were owed, if they owed fewer taxes than that. But shoppers should also beware that dealers could drive used EV prices up next year, given that the discount rules might incentivize shoppers to buy.
Persons: —, you'd, Liz Najman, Akshay Honnatti Organizations: Service, EV you've, Dealers, IRS, Tesla, Shoppers Locations: EY Americas
☆ Elon Musk doesn't care that Tesla values are tanking — but it could drive buyers to Ford and GM
  + stars: | 2023-07-27 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +5 min
Used Tesla values are down 30% year-over-year, according to firm Recurrent. Used Tesla values have dropped dramatically from last year as the company continues to slash prices and flood the market with more new cars. That's because resale value hasn't been the biggest priority for Tesla buyers so far. There are a few reasons for that: Tesla buyers are loyal to the company. The Tesla dynamics benefit more EV-buyersIn the meantime, Tesla is forcing the EV market to become more affordable for mainstream buyers — a noticeable impact especially in the used EV space.
Persons: Tesla, Liz Najman, Tesla's, It's, Stephen Beck, Beck, Martin French, Najman Organizations: Morning, Elon, EV Locations: EVs
☆ Tesla used car price bubble pops, weighs on new car demand
  + stars: | 2022-12-27 | by ( Hyunjoo Jin Nivedita Balu | Hyunjoo Jin | Nivedita Balu | ) www.reuters.com   time to read: +4 min
But the days of the Tesla flip are numbered - a potential threat to new car prices that are already getting cut. The average price for a used Tesla in November was $55,754, down 17% from a July peak of $67,297. The overall used car market posted a 4% drop during that period, according to Edmunds data. The used Teslas were in dealer inventory for 50 days on average in November, compared with 38 days for all used cars. He ordered a new one - but has just bought a used Tesla at a discount.
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