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Pencil-Necked Finance Dweebs Suggest Anyone Making Six-Figures Should Only Buy a $15,000 Car

The Truth About Cars

Setting some variables in this equation, they propose a monthly insurance rate of $147, fuel costs of $260 per month, and maintenance pegged at $95.50 In fact, I feel my headline figure of $15,000 is actually generous, since the $16,687 estimate includes dealer fees and taxes. per month (about 10 cents per mile). for a car payment.

Financing 101
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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.

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What’s up with the BMW MINI E?

Plugs and Cars

The BMW Mini E has hit the streets. In June about 500 cars were placed in consumer and fleet hands in Los Angeles and New York and New Jersey for what BMW calls a " field trial." Like all the automakers, BMW dabbled in concept electric cars over the years. They produced a small fleet for the Munich Olympics in 1972.

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Ford Motors to Manufacture Batteries

Electric Vehicles India

Now, Ford and BMW together funded around $130 Million in a solid-state battery start-up named Solid Power and it also plans to open a new battery lab called Ford Ion Park with a team of 150 experts. Last year ford said that it planned to invest around $22 Billion in the electrification of its vehicles from 2016-2025.

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Tesla continues to dominate EV sales in the UK

Push EVs

This is likely due to dealers wanting to clear a backlog of “old” petrol-car stocks ahead of the new licence plate arriving in March. Tesla still leads, though Volkswagen has climbed, and BMW fell by one spot. BMW however did lose some weighting, whilst both Tesla and VW gained, growing their gap over all the others. a year ago.

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Tesla Model Y also leads the German EV market

Push EVs

It’s not yet clear if these are dealer demonstration units, or whether they are in fact end-customer deliveries. Most other BEVs in the top 20 (except the MG4, and BMW iX1) have lost significant volume since Q4 2022 (before the incentive trim). Finally, Opel registered the first 42 units of the new Astra in Germany.

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Broadly, Navigant expects expansion in both the higher end of the market (thereby putting competitive pressure on Tesla Motors), as Audi, BMW, Cadillac, Mercedes, Saab, and Volvo introduce their first plug-in cars. Automakers are also launching their own carsharing programs (BMW, Daimler, etc.). Tesla Motors will have a bumpy year.

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