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Tesla introduces financing product for Model S customers; lease-sale hybrid

Green Car Congress

Tesla Motors, in partnership with Wells Fargo and US Bank, has created an automotive financing product that combines elements of ownership and leasing for Model S customers. Elements of the new program include: US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit.).

Financing 210
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MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Green Car Congress

In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050).

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Mn/DOT assessing potential for mileage-based user fee to replace fuel tax; Battelle conducting technology assessment

Green Car Congress

The Minnesota Department of Transportation (Mn/DOT) will recruit 500 people from Wright and Hennepin counties to take part in research to test technology that could someday be used to collect a mileage-based user fee (MBUF) in lieu of a gasoline tax. These funding sources support construction and maintenance of the highway system.

Fuel Tax 262
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Ford re-opens order books for Mach-E; higher range, lower pricing; all standard range models with LFP packs

Green Car Congress

BlueCruise, which enables hands-free driving on highways, now will be available with the choice to experience the technology with a complimentary 90-day trial since all Mustang Mach-E SUVs will be built with the necessary hardware for the capability. The GT Performance Edition is now available with optional all-season tires.

Standards 417
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Study finds that linking increased transportation tax to environmental or other specific benefits increases Americans support for higher transportation taxes

Green Car Congress

A national phone survey by the Mineta Transportation Institute (MTI) found that a majority of Americans would support higher taxes for. The survey results show that very low support levels for a one-time gas-tax increase or a new mileage tax can be raised by modifying how the tax is structured and the way it is described.

Tax 210
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Tesla launches business leasing program

Green Car Congress

The Tesla business lease is available through Tesla Finance, a new subsidiary set up especially to offer this new product to business customers. Tesla Model S financing options. Business lease. Est. gross mo.payment. Net payment. Net payment. Customers can handle and sign their lease agreements completely electronically.

Tesla 278
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Ford to increase production of Mustang Mach-E in 2023, cut prices across the board

Green Car Congress

Mustang Mach-E, with an available EPA-estimated 300+ mile range, is available with BlueCruise hands-free driving on more than 130,000 miles of highway and can be updated through over-the-air Ford Power-Up software updates. The Mustang Mach-E was the No. 2 US EV manufacturer as it continues to scale that part of the business.

Ford 434