to be assembled in North America in order to receive the $7,500 federal tax credit is a reason why a greater number of U.S.-built EVs are featured in the top-selling list. While this is good news for these carmakers, it’s bad news for the Hyundai Motor Company which saw the Hyundai Ioniq 5 slip from 7place in January 2023.
Other factors are also in play. For example, Tesla significantly cut prices in January while Chevrolet slashed prices of the Bolt EV and Bolt EUV last year.
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