A: Hey, John! What's up?
B: Not much, Kenji. You?
A: Well, I was reading about this interesting thing... Did you hear that US car dealers are seeing a crazy surge in sales of electric vehicles?
B: No way! What's going on?
A: It seems like people are rushing to buy them because there's a tax credit offer under the Joe Biden administration, but it ends this month. The Donald Trump admin is ending it.
B: Wow, that sounds serious! I bet dealerships must be making bank, huh?
A: Yeah, a New York dealership connected to a Japanese automaker saw EV sales in August skyrocket more than 60% compared to last year and made up nearly 20% of their overall sales. They were thrilled about it!
B: That's amazing! I can only imagine how great that feels for them. So, what's happening with automakers?
A: Well, with the end of the credit program, they're changing their production strategies. For example, Nissan stopped producing its Ariya EV in Japan for export to the US, and Honda will stop making the all-electric SUV ZDX from a GM plant in Tennessee.
B: Wow, it seems like this change is causing quite a ripple effect! Thanks for sharing that with me, Kenji. I'll make sure to keep an eye on this development!
B: Not much, Kenji. You?
A: Well, I was reading about this interesting thing... Did you hear that US car dealers are seeing a crazy surge in sales of electric vehicles?
B: No way! What's going on?
A: It seems like people are rushing to buy them because there's a tax credit offer under the Joe Biden administration, but it ends this month. The Donald Trump admin is ending it.
B: Wow, that sounds serious! I bet dealerships must be making bank, huh?
A: Yeah, a New York dealership connected to a Japanese automaker saw EV sales in August skyrocket more than 60% compared to last year and made up nearly 20% of their overall sales. They were thrilled about it!
B: That's amazing! I can only imagine how great that feels for them. So, what's happening with automakers?
A: Well, with the end of the credit program, they're changing their production strategies. For example, Nissan stopped producing its Ariya EV in Japan for export to the US, and Honda will stop making the all-electric SUV ZDX from a GM plant in Tennessee.
B: Wow, it seems like this change is causing quite a ripple effect! Thanks for sharing that with me, Kenji. I'll make sure to keep an eye on this development!
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Summary
Under the Joe Biden administration, a tax credit for electric vehicles is ending this month, causing a surge in sales at US car dealerships. Dealerships connected to Japanese automakers, such as a New York one linked to a Japanese manufacturer, have seen EV sales skyrocket, accounting for nearly