What will “Point of Sale Cash” do for Electric Vehicle Demand in 2024?

Below we review the Electric Vehicle changes in January and what that means for dealers?   As part of the Biden-Harris Administration’s investing in America Electric Vehicle agenda, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) initiated the IRS Energy Credits Online portal on November 1, 2023. This strategic move is…

The Automotive Advisor Team

The Automotive Advisor Team Auto Market Update 11-30-2023

Economic Outlook: Source Consumer spending increased slightly in October as price relief for certain categories helped to support purchases. Discretionary spending is increasingly tilting in favor of experiences outside the home, especially among young adults. While residual strength in the labor market continues to support household finances, certain groups — including lower earners, student debt holders,…