article thumbnail

Tesla partners with Origence for credit union-based financing program

Teslarati

Tesla and Origence, which describes itself as the leading credit union technology company in the United States, have announced a partnership that will allow the automaker to offer car buyers financing through a credit union when ordering a vehicle through the company’s website.

Financing 124
article thumbnail

Tesla China promotes Model 3/Y’s affordability with new incentive program

Teslarati

Tesla China is starting the second quarter with new incentives for customers in the form of limited-time finance policies such as low downpayment offers and zero-interest loans. Tesla China leaned into its vehicles’ affordability in its post on Weibo. Change the car into a Tesla. Don’t hesitate to contact us with news tips.

article thumbnail

Mazda hybrid sports car, Lexus EV concepts, used EV prices drop: Today’s Car News

Green Car Reports

Prices on used EVs have dropped enough to counter soaring finance rates and boost affordability. Mazda looks to its rotary heritage for a series-hybrid sports car concept. And Lexus previews EVs and some standout tech in Tokyo concepts. This and more, here at Green Car Reports.

Lexus 162
article thumbnail

Ford Mustang Mach-E price cuts are proving affordable EVs are in demand

Baua Electric

Ford is moving inventory after slashing prices by up to $8,100 on its best-selling electric SUV, the Mustang Mach-E , last month. A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs. Even with the price cuts, the Mach-E’s turn rate reached 33%. billion last year.

article thumbnail

Ford Slashed the Mach-E's Price Tag and Saw an Immediate Uptick in Sales

The Truth About Cars

One factor that is coming into clear focus is pricing, as Ford recently found out with the Mustang Mach-E. In response to flagging demand, the automaker cut prices on the electric SUV and has seen an uptick in sales as a result, showing that cost remains a significant hurdle for many prospective buyers.

Ford 116
article thumbnail

EV battery cost soared in 2022, hampering EV affordability

Green Car Reports

EV battery costs have soared in 2022 due to rising raw material and battery component prices, according to a Bloomberg New Energy Finance (BNEF) report. The volume-weighted average for lithium-ion battery pack prices reached $151/kwh this year, a 7% increase over 2021, according to the report.

article thumbnail

EV battery pack prices fell 13% in 2020, some are already below $100/kwh

Green Car Reports

Electric-car battery-pack prices have fallen 13% in 2020, in some cases reaching a crucial milestone for affordability, according to an annual report released Wednesday by Bloomberg New Energy Finance (BNEF).

2020 197