A New Law Supercharged Electric Car Manufacturing, but Not Sales
New York Times | November 8, 2023 | By Jim Tankersley, Ana Swanson, Jack Ewing and Coral Davenport… “I think it’s going to be a long time before you see your local waitress come in and buy an E.V. — they’re just too expensive,” said Rhett Ricart, the chief executive and owner of the Ricart Automotive Group in Columbus, Ohio, and a former president of the National Automobile Dealers Association. “If we’re going to get people to buy these electric vehicles in volume,” he said, “we will need more financial assistance from the manufacturers or the government.”
Auto dealers and administration officials are hopeful that a feature of the law that will take effect on Jan. 1 will further increase sales. It will allow qualified buyers to immediately pass their electric vehicle credit on to a dealer, essentially using it as a down payment, instead of waiting until they file a tax return to receive money back.
As an aside, couldn’t the NY Times cut overhead by having, you know, one reporter write one story?
P.S.: Pro Tip: Do NOT sit on the coral davenport! (Unless you’ve had a jim tankersley).