article thumbnail

GE Capital to provide financing for electric motorcycle maker Brammo

Green Car Congress

GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. CDF already provides inventory financing for other brands of alternative fuel and hybrid motorsports products.

article thumbnail

Average price of new light vehicles in US hit high in 2016; driven up by trucks; cars moving in opposite direction

Green Car Congress

However, the price increase is driven by light trucks, with the $35,289 average truck price for 2016 beaten only by the $35,997 average in 2015, according to data gathered by the US Department of Energy (DOE). Finance charges or finance incentives are excluded. Source: DOE. Click to enlarge.

2016 170
article thumbnail

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million, an increase of 2.4% North America.

2015 150
article thumbnail

Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

Green Car Congress

The report shows that projected global ZEV adoption from 2015 to 2039 (based on the BNEF 2017 forecast) may follow an s-curve, similar to that of smartphone adoption in the US from 2005 to 2015. In the top California cities for EV penetration, auto dealers offer 25 to 30 different models. million unit uptick in 5 years.

article thumbnail

Electric vehicles sales, transportation & policy initiatives 

Electric Vehicles India

The government adopted the Faster Adoption and Manufacturing of Hybrid and EV (FAME) scheme in 2015 with an outlay of INR 8.95 Ministry of Finance (MoF). If you are an EV manufacturer or EV Dealer or EV Supporter who want to share news related to electric vehicles on our website, please send an email to crm@electricvehicles.in.

article thumbnail

Volkswagen of America to invest $10M in EV charging infrastructure by 2016; calls for more legislative support to spur EV adoption

Green Car Congress

At the same time, Sommer said in his presentation at the 2015 Electric Drive Congress in Washington DC, continued legislative support is needed to reach the next level of electric vehicle adoption. Volkswagen will also invest to support installation of charging stations in certain dealer locations. Earlier post.) —Jörg Sommer.

America 150
article thumbnail

CODA Launches Direct to Consumer Sales of CODA EV

Green Car Congress

The car will qualify for additional California state incentives, including up to a $5,000 tax rebate as available through the state’s Clean Vehicle Rebate Project, and HOV access through 2015. CODA is finalizing the details of a program that is expected to offer consumers competitive leasing and financing options.

Sale 199