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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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Bank of America introduces residential EV charger financing

Teslarati

Bank of America made a drastic step forward today to make at-home residential electric vehicle chargers an easier purchase for car buyers. The option of letting consumers finance the chargers will ultimately fall into the hands of dealers and manufacturers, the company said. billion to build out a national network of EV chargers.

Financing 145
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Five EVs that lease for under $300/month

Baua Electric

The Hyundai IONIQ 6 / Credit: Hyundai North America Last February there were nine EVs that leased for an average monthly cost of under $400 before tax and license. A fifth EV, one that leased for over $400/month back then, has plunged into the sub-$300 club after a $120/month cut in cost. Hyundai dealers don’t stock many of these gems.

Dealers 52
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The Big E: July 14, 2024 – Today’s Most Important News

Clean Fleet Report

Electricity at home is usually cheaper than gas The starting point is tallying up the cost of owning a car over five years, in this case—purchase price, taxes, maintenance, residual values, regional gasoline prices and electricity rates as well as zero-emission vehicle incentives.

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How to Choose the Right Vehicle for Your Fleet

Clean Fleet Report

Find a Reliable Dealer Near You In the quest for the perfect fleet vehicle, the importance of partnering with a reliable and reputable car dealer cannot be overstated. However, used vehicles can offer substantial savings, particularly when purchased through certified pre-owned programs.

Fleet 58
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ASU research finds that Cash for Clunkers rebates were too high to prompt car upgrades

Green Car Congress

I think the economists have said it’s sort of a wash because it mainly just took future purchases and accelerated them. When people build up an imaginary surplus over time, they view it as “income,” which they’re more likely to spend. Overall, the average miles-per-gallon of the traded-in vehicles was 15.8, —Michael Wiles.

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REE’s P7-C electric truck receives CARB credits, eligible for over $100k in incentives

Baua Electric

Today, REE has confirmed that the P7-C has been awarded eligibility for two separate CARB certifications, further incentivizing commercial fleets to purchase. This is an important milestone since now Powered by REE vehicles can receive more than $100,000 incentive funding which makes it even easier for fleets to electrify.