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

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

Teslarati

On Friday night, Tesla launched the promotional financing on its website for the Model Y, offering a 0.99 percent APR interest rate for buyers who finance the electric vehicle (EV) on an order placed by May 31. Tesla has also launched a number of buying incentives in recent months, and especially leading up to the end of Q1.

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

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

Green Car Congress

in 2014 as a result of industrial overcapacity and weakness in the real estate sector. million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. North America. North America continues to be an impetus to global light vehicle demand levels.

2015 150
article thumbnail

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

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

article thumbnail

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

Green Car Congress

Provide state tax credit for vehicles ($2,500/16 kWh vehicle) and charging equipment and installation at home/multi-family home/workplace/public (up to $3,000/home; $30,000/other site with 10 charge ports). Eliminate state sales tax on vehicle purchase; Commit/fund government fleet purchases (200 vehicles). State Government.

Plug-in 150