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

The Truth About Cars

percent interest with 20 percent down, Investopedia suggests a total purchase price for your shiny new car – including taxes and whatever other fees a dealer feels like charging that day – at just $16,687. In fact, I feel my headline figure of $15,000 is actually generous, since the $16,687 estimate includes dealer fees and taxes.

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BMW-Sixt car-sharing JV DriveNow launches in London; 30 i3s coming in 2015

Green Car Congress

DriveNow, the carsharing joint venture between the BMW Group and Sixt SE ( earlier post ), has launched its flexible carsharing service in London. Initially, 210 BMW 1 Series and MINI Countryman models will be available for spontaneous hire. DriveNow is a carsharing joint venture by BMW Group and Sixt SE.

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Tesla one of few automakers retaining U.S. EV incentives after rule change

Teslarati

and globally, as foreign automakers were forced to shift production to North America to qualify. This includes Rivian’s R1S and R1T, Volvo’s S60 PHEV, BMW’s X5 xDrive45e, Volkswagen’s ID.4 Second, 50% of the value of battery components must be produced or assembled in North America.

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Tesla battery supplier Panasonic to increase battery production at Giga Nevada

Teslarati

Increasing battery production at Giga Nevada would likely help Tesla increase its vehicle production capacity and benefit from the Inflation Reduction Act’s (IRA) electric vehicle (EV) tax credits. Tesla told Panasonic it would buy as many battery cells as Panasonic could make.

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

Green Car Congress

Volkswagen of America will invest $10 million by 2016 to support the build-out of electric vehicle charging infrastructure in the US, said Jörg Sommer, vice president, product marketing and strategy. Examples in this category include protecting and expanding existing tax credits in the Energy Independence and Security Act.

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Tips for purchasing a new EV amid a vehicle shortage

Plug in America

High demand/brand new models such as the BMW i4, Ford Mustang Mach-E, and Hyundai IONIQ 5 are in extremely high demand and short supply on dealership lots. Plug In America offers numerous resources to help you in your search for an EV. . Bright spots exist in the market for shoppers of new and pre-owned EVs.

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Flash Drive: 2024 Acura ZDX Type S

Clean Fleet Report

In Acura-speak, Type S is the performance division (like BMW has M, Hyundai has N, Mercedes-Benz has AMG and so on). Charging Charging away Acura gives new ZDX owners three options: a home or portable charging unit, or charging credits through EVgo or Electrify America. Go here for the details. miles per hour of charging. seconds.

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