The Wall Street Journal

EV makers turn to discounts to combat waning demand

EV makers turn to discounts to combat waning demand
(Image: Getty)
The Wall Street Journal
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...

More Cars

Tesla’s global deliveries fall for the first time in years
Cars

Tesla’s global deliveries fall for the first time in years

 Despite record last quarter, 2024 sales shy of previous year's total.

Aston Martin Vantage: a weekend with the $522k supercar
The Life

Aston Martin Vantage: a weekend with the $522k supercar

It has a stunning design, unmatched driving excitement and a big engine.

Matt Martel 22 Dec 2024
Jaecoo J7 super hybrid system set for NZ
The Life

Jaecoo J7 super hybrid system set for NZ

The Jaecoo J7 PHEV has a 1,200km range.

David Linklater 15 Dec 2024
Why Europe’s vaunted car industry is in crisis – in charts
Cars

Why Europe’s vaunted car industry is in crisis – in charts

Trump's tariff threats yet another worry for VW, Mercedes-Benz and BMW.