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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

In 21 of the 50 States there are cash, parking and rebate incentives to buy an electric vehicle. Although fuel costs are the most ‘present’ cost on peoples’ minds, insurance and tax and also see running costs creep up. Across the states, the average cost of taxes for a gas car is $321 a year, compared to $504 for electric vehicles.

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US Conference of Mayors Adopts Resolution Calling on Federal Government to Support and Expand Natural Gas Vehicle Efforts

Green Car Congress

The US Conference of Mayors adopted a resolution at its 78 th Annual Meeting calling on the Federal government to accelerate its support for natural gas vehicles. The resolution calls for the following specific initiatives: Enact the New Alternative to Give Americans Solutions (NAT GAS) Act (S.

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Volkswagen aims for sub-$35,000 EV in the U.S.

Teslarati

However, there are still plenty of car buyers who have no intentions of buying an EV, and price is still a big issue for people moving forward, although they have come down substantially. In Q3 2023, EVs made up 7.9 percent of the total market share , marking a new all-time record for the U.S. It feels that in the U.S.,

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Australia unveiled its new EV policy

Electric Vehicles India

Australia’s Prime Minister Scott Morrison has announced the federal government’s new electric vehicle strategy to encourage people to buy electric vehicles. But the plan doesn’t provide financial or tax support to help Australian motorists to switch to a eco-friendly vehicle. Australia unveiled its new EV policy.

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Tesla introduces financing product for Model S customers; lease-sale hybrid

Green Car Congress

Essentially, said Tesla CEO Elon Musk in a conference call describing the product, the new approach allows one to buy a new Model S for no money down net of the tax credit and as low as about $500 net out of pocket cost per month, depending upon the model, specific state incentives, and personal parameters (e.g.,

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Hertz’s EV sale to fan cost concerns, dampen used-car market – ET Auto

Baua Electric

“Mainstream consumers are already hesitant to buy an EV, and this news only supports their concerns.” Hertz CEO Stephen Scherr flagged elevated costs caused by damages to certain EVs, particularly Teslas, last year at a conference. Car rental firm Avis and Enterprise also did not respond to a query on its EV strategy.

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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

The highly decentralized nature of the current automative sales franchise model, in which contractual arrangements and franchise laws confer a great degree of operating freedom to new car dealers, translates into divergent processes across the dealer community. —Cahill et al. A dealer’s primary interest is to close a sale.

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