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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Used electric car sales jump in US amid price drops

  • By Al Mayadeen English
  • Source: Agencies
  • 8 Apr 2023 14:14
3 Min Read

Used electric vehicle prices have decreased in light of price drops in new vehicles.

  • x
  • An electric vehicle is plugged into a charger in Los Angeles, California, August 25, 2022 (AP)
    An electric vehicle is plugged into a charger in Los Angeles, California, August 25, 2022. (AP)

Used electric vehicle sales in the United States increased 32% in the first three months of 2023 as costs decreased, data provider Cox Automotive said Friday.

According to the group, the average retail listing price for used EVs was roughly $43,400, much less than the average new EV pricing of nearly $59,000 and a decrease of 4% from the same quarter last year.

It also claimed that aggressive price cuts by Tesla for new vehicles were likely behind the decrease in used EV prices.

"As the market leader pushes down prices for new EVs, used-vehicle prices follow suit," Cox underlined.

For the seventh time this year, Tesla on Thursday reduced prices in the United States by between 2% and over 6%. On April 18, Washington will establish stricter battery sourcing guidelines that will reduce the amount of EV tax credits available.

According to preliminary projections by Kelley Blue Book, more than 225,000 EVs were sold in the first quarter of 2023, making up around 7% of new-vehicle sales.

New EV sales in US to top 1 mil in 2023

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General Motors said Monday it sold more than 20,000 electric vehicles in the first three months of the year in the United States, a record for the company. EVs accounted for approximately 3.4% of GM's first-quarter US sales.

Congress created a $4,000 used EV tax credit in August. Buyers are required to purchase used EVs for $25,000 or less from a dealer to qualify. The maximum credit is 30% percent of the sale price up to $4,000.

The adjusted gross income of used EV buyers cannot exceed $75,000 for individuals or $150,000 for joint filers.

This year, Cox Automotive predicted that new EV sales in the United States would top 1 million units for the first time in 2023, an increase of 5.8% from roughly 807,000 units last year.

Wholesale values of used EVs increased by 3.7% year over year, compared to an overall decline of 2.4%, Cox revealed.

The United States is mulling to ease some regulations in its Inflation Reduction Act (IRA) that would allow the European Union and Japan to be included in the EV subsidies bill, according to an AFP report published in late March.

The IRA, which was signed into law by US President Joe Biden in August 2022, commits $300 billion to deficit reduction, as well as approximately $370 billion in funding for energy security, including tax credits for US-made electric vehicles, batteries, and consumer subsidies, and $80 billion to increase Internal Revenue Service tax enforcement and operations.

New guidelines announced by the US Treasury Department state that EV batteries for vehicles must meet certain requirements to be qualified for a $7,500 consumer tax credit - the highest amount offered under the legislation.

The bill also specifies that a percentage of critical minerals used in the battery must be acquired from the US or countries that it has free trade agreements with, which originally excluded the EU and Japan.

Read next: EU should improve competitiveness against US IRA: EU Chief

  • United States
  • General Motors
  • Inflation Reduction Act
  • electric cars
  • Tesla
  • electric vehicles
  • ira

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