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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

However, these annual costs don’t take into account the purchase cost of the vehicle itself and are purely the ‘running’ costs annually. When the purchase cost of each type of vehicle is factored in, average gasoline vehicles are $1,454 per year cheaper to run. —Lauren Bringle, Accredited Financial Counselor at Self Financial.

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Auto Alliance pushing for passage of Maryland SB 1234 that would require state purchase of ZEVs; 50% of LDVs by 2026

Green Car Congress

The Alliance of Automobile Manufacturers (Auto Alliance) is strongly supporting the passage of Maryland’s SB 1234 , a bill that would require the State of Maryland to purchase zero emission vehicles (ZEVs) for state fleets. The bill also includes a reporting requirement for State agencies that purchase vehicles.

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Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs – ET Auto

Baua Electric

European automakers face a trifecta of challenges: soft demand due to higher borrowing costs that discourage car purchases, fierce competition from Chinese rivals, and higher input costs squeezing their margins. 31, as the UAW strikes affected production volumes in the United States.

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Sixt to buy up to 250,000 Stellantis cars – ET Auto

Baua Electric

German car rental group Sixt said Tuesday it has agreed to buy up to 250,000 cars from automaker Stellantis in a “multi-billion euro” deal that includes electric vehicles. The purchases will extend to 2026 and concern Europe and North America, the two companies said in a joint statement.

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Tesla to bring LFP battery supply chain to US – Bloomberg News – ET Auto

Baua Electric

This year, Tesla’s cheapest cars, the Model 3 compact sedan, lost tax credits for the purchase of EVs under the Inflation Reduction Act. Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday.

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Zeigler Auto buys 2 Subaru dealerships in Indiana

Baua Electric

The Lafayette dealership, northwest of Indianapolis, is mins clear of Subaru of Indiana Car Inc., the automaker’s lone production plant in North The united states. purchased 3 franchised dealerships in Michigan. Rohrman Car, of Lafayette, ranks Refuse. represented Rohrman Car within the transaction.

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Teslas are worth longer term auto loans, study finds

Teslarati

Car buyers who ultimately end up purchasing Tesla electric vehicles end up having the longest average auto term loans, a new study from LendingTree says. LendingTree surveyed over 29,000 auto loans spanning over three years to conclude that Tesla drivers are applying and receiving the longest term loans.

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