Across almost every segment of the electric-vehicle industry, demand seems to be slowing.
Hertz is slowing the electrification of its rental fleets, citing poor resale value and higher-than-expected repair costs.
“From where we stood six months ago, it’s going to be a challenging time for everyone involved in the EV market right now.”
Colorado is now offering EV rebates up to $6,000 for new vehicles and up to $4,000 for used ones. These rebates can be combined with the federal tax credit of $7,500 meaning that purchasers of EV’s can receive up to $13,500 courtesy of the taxpayer.
Given the massive $3.5 billion budget surplus (courtesy of oil and gas) we expect MLG to ramp up the subsidies for EV’s since the market (people buying cars) aren’t enthusiastic about them.
If you oppose Gov. Lujan Grisham’s EV mandate and other policies to bribe/force you into an EV, please send them a note here.