1. Electric vehicle (EV) sales are surging in US dealerships due to buyers rushing to claim tax credits before they expire this month. The program offers up to $7,500 in credits under the Joe Biden administration.
2. Dealers report a significant increase in EV sales, with one New York dealership seeing a 60% jump in August compared to last year. This surge makes up nearly 20% of their overall sales.
3. The ending of the tax credit program is causing automakers to adjust production strategies. For instance, Nissan has suspended Japanese production of its Ariya EV for export to the US, while Honda will stop making the ZDX all-electric SUV of its luxury Acura brand at a Tennessee plant.
2. Dealers report a significant increase in EV sales, with one New York dealership seeing a 60% jump in August compared to last year. This surge makes up nearly 20% of their overall sales.
3. The ending of the tax credit program is causing automakers to adjust production strategies. For instance, Nissan has suspended Japanese production of its Ariya EV for export to the US, while Honda will stop making the ZDX all-electric SUV of its luxury Acura brand at a Tennessee plant.
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Summary
EV sales in US dealerships are experiencing a surge due to the impending expiration of tax credits, offering up to $7,500. This has resulted in a significant increase in EV sales, with one New York dealership reporting a 60% jump in August compared to last year, accounting for nearly 20% of their