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Average transaction prices broke the $50,000 barrier, driven by wealthier buyers and higher-end vehicles.
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Of 31 major brands tracked by Kelley Blue Book, only five recorded transaction prices in August lower than year-ago levels.
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California fleet managers test drove new EVs from major OEMs on July 22 at the regional conference in Irvine, California.
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The electric vehicle market looked like a grab bag of trends as industry pressures and market dynamics shift.
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However, new-vehicle sales slowed notably in May, falling to 15.6 million from 17.3 million in April.
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Navigating the complexities of transitioning to electric vehicles requires careful consideration of operational needs, infrastructure readiness, and financial implications.
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Are EVs still a smart choice for fleets without mandates? As incentives fade, fleet managers must weigh costs, savings, and strategy.
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Third quarter U.S. electric vehicle sales grew 11% YoY on the back of incentives, new models, and initial affordability compared to gas models.
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Ford Power Pro will offer commercial customers a $2,000 incentive, which fleets can apply toward electric vehicle costs of their choice.
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On Sept. 10, Fleet Forward: the Tour — Somerset will allow fleet operators to test drive EVs and provide educational sessions on infrastructure and regulations.
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