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Electric Vehicle Trends 2024: Boom or Bust Future for EVs 2024

Jato

While major European original equipment manufacturers (OEMs) have announced plans to introduce more affordable BEV models, these offerings may take time to materialise. This trend is likely to continue given the weak economy, high financing costs, and general market uncertainty, which is putting off both potential private and business buyers.

Retail 111
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Companies seek cure for profit-wrecking EV values

Autocar

Stable used car values have become critical to new car sales in that they determine finance costs, so the continued weakness in EV prices is also hurting car companies as they look to increase the percentage of zero-emission cars they sell. With such strong new car offers on EVs, where is the incentive for the used buyer?”

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Packed house for biggest CADEX event ever

Canadian Auto Dealer

Can manufacturers succeed in getting involved in retail?” They also see it as a means of cutting system distribution costs. The manufacturers do not see agencies as a staging area on their own path to go direct to consumers, he said. Agency makes you more dependent on the manufacturer, with smaller margins. In the U.K.

Retail 98
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Why Tesla sales have tanked and why the price will keep dropping

CarExpert

That’s the case at the moment for hundreds and hundreds of Model 3 and Model Y vehicles that continue to arrive by boat, but don’t have any buyers attached to them. A recent 7 News story detailed the deluge of Teslas sitting dormant at the docks in Melbourne with no buyers in sight.

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Can I buy a car if I’m a few hundred dollars short?

Shawn Ryder

Many potential buyers find themselves wondering if they can still secure the vehicle they want even when they’re not at the financial threshold they initially set. Fortunately, there are several strategies to consider that can help bridge that gap without compromising your financing options or peace of mind.

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Boom or bust: what’s the future for EVs in 2024?

Jato

While major European original equipment manufacturers (OEMs) have announced plans to introduce more affordable BEV models, these offerings may take time to materialise. This trend is likely to continue given the weak economy, high financing costs, and general market uncertainty, which is putting off both potential private and business buyers.

Retail 52