21% of Americans currently own or lease a hybrid or EV, up from 17% in 2022, and another 34% plan to in the future.
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In 2022 car repair costs were up 2.8% overall, totaling $403 on average, while labor costs were actually down half a percent.
Suppliers stand at industry crossroads as they work to determine the best path forward on future value chain.
Domestic nameplates generated nearly $20 billion of DIY product sales at user-price last year, almost 75% of light vehicle DIY volume.
According to the Internal Revenue Service, 22 EVs now qualify for IRC Section 30D tax credits, down from 41.
Gas demand drops and oil prices fall — see the states with the top 10 largest weekly decreases and least expensive markets to fill up.
The study highlights existing disparities in EV charging infrastructure and emphasizes the importance of addressing these gaps in order to achieve goals for EV adoption.
