This week the Federal Trade Commission (FTC) announced it had finalized a new rule, which will take effect on July 30, 2024, that it claims will fight “bait-and-switch” tactics and hidden junk fees, and bar misrepresentations about price and the total cost of a vehicle.
On Wednesday the U.S. House of Representatives passed the Choice in Automobile Retail Sales (CARS) Act in a largely party-line vote. AIADA released a statement lauding the vote and urging the Senate to pass its version of the legislation. Rep. Roger Williams (R-Texas) spoke in favor of the legislation on the House floor.
This week the U.S. Department of the Treasury released the latest guidance on rules governing which vehicles can qualify for the EV Tax Credit come January 1, when the latest rules take effect
This week the House Oversight Committee announced it would investigate new rules regulating car dealerships by the Federal Trade Commission (FTC). Committee Chairman Jamers Comer (R-Ky.) has requested the FTC turn over documents and answer questions by Nov. 30.
In April, the EPA proposed its strictest ever tailpipe emission standards which would require that two-thirds of all light vehicles sold in the U.S. be electric by 2032. Currently, that number hovers around seven percent.
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