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Despite pickup, automaker predicts low incentives will keep it lower than pre-pandemic levels.
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Uptick driven by demand for hybrids and gasoline-powered cars.
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Q1 results virtually unchanged. Toyota dominates top 10 list.
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CARB seeks wavier under Clear Air Act to implement its new rules by 2035.
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Meanwhile, it’s cheaper now to lease an EV than to buy one.
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NADA says estimate doesn’t include service equipment, power company costs.
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They say profit margins from combustion vehicles will rise for a few years until a widespread consumer shift toward electric vehicles.
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Sources cite EPA concerns over finalizing the intricacies of the EV portion of ruling by the June 14 deadline.
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Law treats leased vehicles as commercial, giving consumers an end around.
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S&P Global Mobility research finds the average age of gas-powered U.S. cars and light trucks has climbed to 12.5 years.
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