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Before 2020, “in the united states market, it was sort of let the market determine it out and resolve, and develop electrical products and see how it goes,” mentioned Stephanie Brinley, an automotive analyst at S&P Global Mobility. “We’ve clearly shifted to a space the place government coverage is way extra supportive of pushing the transition to electric automobiles, and that means there’s cash to be made.” Del Grande Dealer Group, of San Jose, Calif., grew in its house territory over the previous 18 months by adding dealerships selling Audi, Genesis and Honda brands, CEO Jeremy Beaver informed Automotive News. The group’s retail new-vehicle gross sales grew 6 % to thirteen,853 in 2022, and it rose 18 spots on the listing to No. 60. Meanwhile, the EV dealers whose vehicles do qualify for the new-EV buyer credit score have a robust device of their arsenal — the prospect of up …

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