Cars
fromBusiness Insider
6 days agoUsed Tesla prices have soared since the end of the $7,500 tax credit, even as other EVs get cheaper
Used Tesla prices are rising as secondhand EV demand increases following the end of the $7,500 tax credit.
Cadillac's EV sales exploded in Q3. Nearly 40%or two in fivenew cars it sold were electric. The brand's total EV sales are up 88% year-to-date. Cadillac's electric vehicle lineup just had an amazing quarter. Fueled by tax-credit FOMO, GM's luxury arm managed to send off two out of five new car buyers in one of its electric models, making it the brand's best-ever quarter for EVs on record. For the past three months, buyers marched into dealerships in droves to take advantage of the now-expired $7,500 federal incentive. The top brass at General Motors had its lineup at the ready with the Optiq, Vistiq, and Escalade IQ EV piling on thousands of extra EV sales.