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

The Truth About Cars

Springing for luxury items just isn’t in the cards for most of us, despite the lavish recompense* deigned upon us by our corporate overlords in Downtown Canada. 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 for a car payment.

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Toyota to debut 2 BEVs, 1 PHEV for US this year; says research shows BEVs & PHEVs have similar environmental benefits

Green Car Congress

—Gill Pratt, chief scientist of Toyota Motor Corporation and CEO of Toyota Research Institute. Toyota shared highlights of new internal research evaluating the environmental impact and cost of ownership between a PHEV and a BEV. The PHEV is much less expensive to buy and own, compared to the BEV.

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Wheel provider Admirable Industries swings to $4 million web loss

Baua Electric

The corporate’s earnings fell 4.8 Nonetheless, consumers opted for costlier, better wheels and the corporate’s content-per-wheel prices higher through 16 p.c. The corporate isn’t making a bet on complete trade fix to pre-COVID manufacturing ranges, CEO Majdi Abulaban stated. to $381 million.

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California to receive additional $153M in final settlement with Volkswagen

Green Car Congress

million dollars represents penalties for air quality violations and the costs of CARB’s investigation. Any additional mitigation payments VW is required to make if it fails to modify or buy back at least 85% of the subject vehicles in California. The overall VW settlement is the largest ever for violations of vehicle air quality rules.

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Deloitte Survey finds only 4% of global consumers likely to be satisfied with current EVs despite increasing consideration and willingness to buy; higher ICE fuel economy reduces interest in EVs

Green Car Congress

The survey, “Unplugged: Electric vehicle realities versus consumer expectations,” canvassed more than 13,000 consumers in 17 countries across the Americas, Asia and Europe and revealed a general desire among consumers to buy electric vehicles, but a strong unwillingness to compromise on key performance criteria and especially price.

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£1,000 bill for motorists who fail to choose solar-compatible EV chargers

My Energi

Tom Callow, head of corporate communications at myenergi, commented: “As EV registrations continue to grow, demand for domestic chargers is rocketing. With ongoing concerns around the rising cost of energy, taking advantage of solar power to keep costs down has become a hugely desirable option.

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California Energy Commission awards more than $15M to advance biofuels, plug-in and V2G research

Green Car Congress

This award helps to fulfill a cost-sharing target for the recipient's $122 million award from the Department of Energy. Rand Corporation , based in Santa Monica, will receive $4,474,558 to evaluate the Energy Commission’s Alternative and Renewable Fuel and Vehicle Technology Program and projects. Villa Ford Inc.