Get your EV here! And Cheap! Automakers Offer Deals as cars languish on Lots

By Douglas McIntyre  •  October 25, 2024

Doug McIntyre discusses the struggles of EV sales, with J.D. Power data showing that 11% of EVs sold last month had incentives, compared to 4% for gas-powered cars. Automakers like Ford are offering significant discounts, such as zero percent financing for 72 months on the Mustang Mach-E and Cadillac is also facing similar challenges with its EVs. The increased incentives suggest manufacturers are eager to move inventory, making it a potentially advantageous time for buyers looking for electric vehicles.

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