EV makers turn to discounts to combat waning demand

(Image: Getty)

Wed, 08 Nov 2023

By Sean McLainBuyers looking to get a bargain on a new car might want to consider an electric vehicle.As sales growth has slowed for battery-powered models, automakers and dealers are slashing prices and piling on discounts to clear out unsold inventory.Some automakers, such as Hyundai Motor and Ford Motor, are this month offering cash rebates as high as US$7,500 (NZ$12,629) on some models. Others are resorting to aggressive lease deals that offer cheaper monthly payments or shorter contract lengths to attract buyers. Many car companies ar...

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