Remove Auto Industry Remove Financing Remove North America Remove Purchase
article thumbnail

Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

Tesla has launched its latest buying incentive for the Model Y, this time offering a special, super-low interest rate for those who purchase the SUV by the end of this month. On Friday night, Tesla launched the promotional financing on its website for the Model Y, offering a 0.99 What are your thoughts?

article thumbnail

AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 According to the study, historically, approximately one of every five vehicles sold is financed by home-value appreciation, a ratio that’s likely to decrease with the continuing stagnancy in home values.

article thumbnail

GM Working with Communities to Develop Roadmap For Plug-in Infrastructure

Green Car Congress

Eliminate state sales tax on vehicle purchase; Commit/fund government fleet purchases (200 vehicles). Provide incentives for vehicle purchasers (see above - $2,500/16 kWh vehicle) and charging equipment and installation (see above - up to $3,000/home; $30,000/other site with 10 charging ports). City and County Governments.

Plug-in 150
article thumbnail

Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

On the one hand, the (up to) $7,500 tax credit is now available right away at the point of sale, eliminating the wait time and allowing drivers to apply their savings directly to the purchase of their vehicle at the dealership—which is great for consumers. In fact, it’s what EV Life has been doing for our customers for years.

article thumbnail

A 100 m.p.g. truck? A Bright IDEA | Freep.com | Detroit Free Press

Tony Karrer Delicious EVdriven

Three years ago, the magazine Popular Mechanics even wrote an article prodding the auto industry for not building the 100 m.p.g. Among the dignitaries who will be on hand today for Brights announcement are executives from Frito-Lay North America. Our customers purchase their vehicles on spreadsheets, Waters explained.

IDEA 57