article thumbnail

CMU-led study finds that when Uber and Lyft enter cities, vehicle ownership increases

Green Car Congress

One possible explanation could be that there’s an effect on the other side, where somebody who was on the verge of being able to afford a vehicle now has an incentive to buy one and earn some money with it. So vehicle adoption by Uber and Lyft drivers may outweigh the effect of riders getting rid of their personal vehicles. Ward et al.

article thumbnail

Study finds older drivers more likely to buy new vehicles

Green Car Congress

A new study by Michael Sivak, research professor at the University of Michigan Transportation Research Institute (UMTRI), found that in 2011, the peak probability of buying a new vehicle per driver in the US was among those between 55 and 64 years of age—a shift from four years earlier, when that peaked with the 35-to-44-year-old age group.

Buy 210
article thumbnail

Plug’n Drive launches online tool to help Canadian drivers find their electric vehicle match

Plug N Drive

The “Find Your EV Match” tool is an extension of Plug’n Drive’s existing resources. It’s important to consider the total cost of ownership and environmental impact when making car buying decisions,” said Cara Clairman, President and CEO of Plug’n Drive. “We

article thumbnail

Austin study teases out changes in behavior in wake of suspension of Uber and Lyft service

Green Car Congress

Statistical analysis revealed that the people who transitioned to a personal vehicle were 23 times more likely to report making more trips than those who switched to a different ride-sourcing company. The researchers found a correlation between the level of inconvenience reported and the likelihood that a survey participant would buy a car.

Austin 186
article thumbnail

Sinopec buying Canadian oil and natural gas producer for C$2.2B; Duvernay shale play

Green Car Congress

a Canadian intermediate oil and liquids-rich natural gas producing company with a suite of resource assets in Western Canada, for approximately C$2.2 China’s Sinopec International Petroleum Exploration and Production Corporation will purchase of all of the issued and outstanding common shares of Daylight Energy Ltd., billion (US$2.13

Oil 170
article thumbnail

Tesla starts using Cybertruck as a mobile billboard – literally

Baua Electric

A mistake not in the sense that the vehicle itself is bad but because of the fact that Tesla has been spending its development resources on it versus cheaper vehicles – resulting in a multi-year gap in growth. Tesla has started to buy ad spaces on Google, Youtube, and X. In the advertising business, that’s like an impression.

Tesla 52
article thumbnail

Deloitte Survey finds only 4% of global consumers likely to be satisfied with current EVs despite increasing consideration and willingness to buy; higher ICE fuel economy reduces interest in EVs

Green Car Congress

The survey, “Unplugged: Electric vehicle realities versus consumer expectations,” canvassed more than 13,000 consumers in 17 countries across the Americas, Asia and Europe and revealed a general desire among consumers to buy electric vehicles, but a strong unwillingness to compromise on key performance criteria and especially price.