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Tesla has built a commanding lead over most major rivals in profit per vehicle, according to Reuters research.
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Average vehicle transaction prices continue to soar, according to data released by Kelley Blue Book.
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U.S. electric vehicle purchases climbed to 5.8% of all vehicles sold in 2022, up from 3.2% in 2021, according to Motor Intelligence.
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As of January 1, consumers can lease electric vehicles and qualify for up to $7,500 in commercial clean vehicle tax credits.
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The new facility will employ 1,500 people and produce enough cathode and anodes components to supply 1 million EVs annually.
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Pied Piper Management Company research shows local new car and truck dealerships outperform factory direct sales in customer satisfaction.
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Aims to compete with Tesla via ‘solidly profitable’ lineup in 2025.
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Rankings based on latest Kelley Blue Book reports.
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