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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. The move comes as high interest rates have been a headwind for the auto industry over the past few years, and as electric vehicle (EV) sales have been slowing this year.

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ALTe Developing Series Plug-in Hybrid Powertrains for Conversion and OEM Applications

Green Car Congress

Prior to Tesla, Thomas was Director of Special Projects at Magna Steyr, VP and Division General Manager at auto supplier Collins & Aikman, and a powertrain component design engineer and powertrain system project and project engineer for 10 years. The company will deliver these powertrain kits to a dealer network to be established.

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Toyota and Lexus roll-out low-cost automated braking safety packages on RAV4 Hybrid and RX crossover

Green Car Congress

At separate press conferences Wednesday and Thursday at the New York Auto Show, Toyota will reveal the RAV4 Hybrid SUV, while Lexus unveils its all-new fourth-generation RX luxury crossover SUV.

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At Home with Bob Lutz

Revenge of the Electric Car

Since we only had two days in Detroit, we weren’t able to do much more sightseeing, but we did meet Bishop Ellis, who heads Greater Grace Temple and famously held a “bailout” service for the auto industry in his mega-church with SUVs at the altar.

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Proposed scrappage scheme meets criticism

Green Cars News

An article in the New York Times criticised the so-called “cash for clunkers&# legislation that would give people vouchers worth as much as $4,500 to replace old cars with new ones. The scrappage scheme is only a few days old here in the UK and it has already come under fire.

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Polestar 4 officially goes on sale in the US alongside its first-ever phone in China

Baua Electric

In March, the public got official pricing of the 4 during the New York Auto Show, starting at $56,300 – below its originally advertised MSRP of $60k. Last fall, Polestar also announced it was the latest in the auto industry to venture over to smartphones. FTC: We use income earning auto affiliate links.

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California announces it will ban the sale of New Gasoline Cars

Setec Powerr

But the Biden administration must still approve the new requirements before the plan can take effect. Under this new California regulation, the percentage of sales of zero-emission vehicles must increase each year. President Joe Biden has set a goal of making half of the nation’s new sales zero-emission by 2030.