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

The Truth About Cars

Beyond that, they suggest making a down payment of at least 20 percent and financing the thing for no more than four years. Setting some variables in this equation, they propose a monthly insurance rate of $147, fuel costs of $260 per month, and maintenance pegged at $95.50 per month (about 10 cents per mile).

Financing 111
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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.

Davis 290
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A mini industry spawns under the hood of a booming car market – ET Auto

Baua Electric

Startups like CarDekho, SoftBank-backed CARS24 and Tiger Global-financed Spinny have carved a niche of their own with certifications, hassle-free payment system, refurbishing, quality checks and even financing, giving exactly what a young customer wants.

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Broadly, Navigant expects expansion in both the higher end of the market (thereby putting competitive pressure on Tesla Motors), as Audi, BMW, Cadillac, Mercedes, Saab, and Volvo introduce their first plug-in cars. Automakers are also launching their own carsharing programs (BMW, Daimler, etc.). Tesla Motors will have a bumpy year.

2014 346
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From Marketing ICE Cars To Electric Cars: Opportunities, Challenges, and Solutions 

Get Electric Vehicle

For example, salespeople must know how to talk about the total cost of ownership, batteries, charging, etc. #3. Many OEMs are concerned about the viability of the EV business case because of the large investment required, initially limited sales volumes, the high-cost share of the battery, and reduced aftersales income.

Market 40
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Price Parity is Not the Key to EV Adoption in the US

EV Adoption

Source: Bloomberg New Energy Finance. BMW, Mercedes, and Volkswagen have all not shipped certain electric models to the US and Toyota is shipping the majority of their RAV4 Prime PHEVs to Europe and Asia. In 2010, these batteries sold for more than $1,100 per kilowatt-hour.

Price 87
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Pike Research makes 10 electric vehicle predictions for 2013

Green Car Congress

More broadly, Pike envisions PEV sales in California—the leading market for such in the US—expanding into smaller urban and suburban regions with more dealers beginning to offer the vehicles. Since then, the cost has come down and reliability of converters has improved. Battery swapping gives way to battery financing.

2013 378