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Tesla’s EVs still have great financing deals compared to rivals, even with recent price increases

Teslarati

Tesla’s electric vehicles are premium-priced, but their financing deals make them quite compelling against their rivals in the EV market. In a way, Tesla’s financing deals involve interest rates that could end up undercutting the costs of rival EVs by a notable degree. It’s not just Toyota either.

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Hyundai Motor Group invests $300M in India’s largest mobility service provider Ola

Green Car Congress

Hyundai Motor Group and India-based Ola—one of the world’s largest ride-hailing platforms— announced a strategic partnership under which Hyundai Motor Company and Kia Motors Corporation will make their biggest combined investment to date, as part the Group’s continued efforts to become a Smart Mobility Solutions Provider.

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Hyundai Motor Group deepens partnership with Grab to accelerate EV adoption in Southeast Asia

Green Car Congress

The Group—including Hyundai Motor Company and Kia Corporation—and Grab will further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs, such as lowering the total cost of ownership and reducing range anxiety. Hyundai Motor Group and Grab Holdings Inc.

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More details about California’s proposal requiring bidirectional charging capabilities for all EVs

Charged EVs

In recent testimony, Nuvve CEO Gregory Poilasne told the lawmakers that bidirectional charging can reduce the total cost of EV ownership, and that it’s essential for integrating more renewable energy into the grid. That’s about two thirds of the leasing cost of a LEAF nowadays. Of course, the anti-EV crowd picked up on that.

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The tipping point is upon us

Electric Auto Association

But the two EVs that I am particularly excited about are the Kia EV-6 and its first cousin, the Hyundai Ioniq 5. Bloomberg New Energy Finance predicts that the purchase price of a new EV and an equivalent ICE vehicle will reach parity in 2026. This will be the new standard against which all other EVs will be judged.

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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

More mainstream models will come from Kia, Mahindra, Škoda, and Volkswagen. Possibilities include dramatic reductions in the cost of EV batteries that lead to more cost- competitive vehicles, greater state or federal incentives, or increasing taxes on fossil fuels. Tesla Motors will have a bumpy year.

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Road Test: 2022 Mitsubishi Mirage SE Hatchback

Clean Fleet Report

To help these customers get into a new Mirage, versus a used car in unknown condition and which may be difficult to get a loan for, Mitsubishi offers financing, which 90-percent of all new Mirage owners take advantage of. Our other small car explorations: Road Test: 2022 Kia Rio S 5-Door Hatchback. Story and Photos by John Faulkner. [