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Pricing for new electric vehicles can be daunting for many shoppers. There’s also a further incentive to purchase a used EV that costs less than $25,000 thanks to an available federal tax credit ...
Global Electric Motorcars (GEM) is an American automotive manufacturer specializing in neighborhood electric vehicles (NEVs) since 1998 and low-speed vehicles (LSVs) since 2001. By October 2015 [1] the company had sold over 50,000 GEM Battery electric vehicles worldwide. Originally owned by Chrysler, GEM was acquired by Polaris Inc. in 2011.
These electric vehicles not considered by the government as new energy vehicles due to safety and environmental concerns, and consequently, do not enjoy the same purchase benefits as highway legal plug-in electric cars. [9] In 2015, sales of low-speed small electric passenger vehicles in China totaled 750,000 units, and 1.2 million in 2016. [10]
During 2014 plug-in electric car sales totaled 123,347 units, up 27.0% from 2013, and fell to 114,248 units in 2015, down 7.4% from 2014. [8] A total of 157,181 plug-in cars were sold in 2016, up 37.6% from 2015, [155] rose to 199,818 in 2017, and achieved a record sales volume of 361,307 units in 2018. [16] Sales declined in 2019 to 329,528 ...
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Electric car enthusiasts, environmental interest groups, and former EV1 lessees have accused the company of self-sabotaging its electric car program to avoid potential losses in spare parts sales, [note 1] while also blaming the oil industry for conspiring to keep electric cars off the road.
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