KDM Breaking News

Latest Headlines Hyundai, Kia see double-digit dip in EV sales in U.S. in September under IRA Pulse News Korea 04 OCT 2022 Kia launches high-performance electric model EV6 GT The Korea Times 04 OCT 2022 Georgia Senator introduces bill that would allow Hyundai, other automakers to qualify for EV tax credit electrek 03 OCT 2022

GreenCarReports: Inflation Reduction Act drastically cuts EV, plug-in hybrid models eligible for federal tax credit

Green Car Reports has posted, “The [US Federal] tax credit knocks out higher-priced and luxury EVs, with a cap of $80,000 for vans, SUVs, and pickups, and a cap of $55,000 for passenger cars. It also sets a maximum adjusted gross income (AGI) for those who can claim the credit, of $150,000 for single filers,

Jalopnik: Someone Created A Crowdsourced Website To Track Dealer Markups

Jalopnik website has posted an article regarding Markups.org, a crowd-sourced website detailing just how much specific car dealerships are gouging customers. Users can sort by manufacturer, state, mark-up amount (low/high), newest/oldest entry, etc. A quick search reveals that Napoli Kia in Connecticut sold an EV6 with a $30,000 mark-up over MSRP sticker! Unfortunately, this is