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Average price of new light trucks in 2019 was 43% higher than average price of new cars

Green Car Congress

Prices for new light trucks—pickups, vans, and sport utility vehicles (SUVs)— averaged 43% more than new cars in 2019. From 1990 to 1995, cars had a higher average price than light trucks. Price data are adjusted for inflation (constant 2019 dollars). Finance charges or finance incentives are excluded.

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Tata Motors launches $10,000 electric hatch; deliveries of Tiago.ev start in January

Green Car Congress

Tata Motors, India’s leading automobile manufacturer, launched the newest member of its EV family this past week: the Tiago.ev. Tata is offering special introductory prices starting INR 8.49 Equipped with a permanent magnet synchronous motor, Tiago.ev Equipped with a permanent magnet synchronous motor, Tiago.ev

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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

Green Car Congress

Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). billion transaction provides Lordstown Motors with $675 million of gross proceeds.

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EV developer Rivian closes $2.5B funding round; raised $10.5B in total since 2019

Green Car Congress

The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. Rowe Price Associates, Inc. Rowe Price Associates, Inc. Rowe Price Associates, Inc. The financing was led by funds and accounts advised by T. Rowe Price Associates, Inc.

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Price shock! MG declares war on BYD and GWM Ora with permanent MG4 and ZS EV discounts up to $10,000

EV Central

The Australian electric car price battle has been supercharged by dramatic permanent MG discounts for the MG4 compact hatch and MG ZS EV compact SUV. MG has effectively excised on-road costs, declaring all models in both ranges national drive-away at their current prices or lower. But MG has since clarified that.

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PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

Green Car Congress

a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. per share and warrant rights with a strike price of $0.65.

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Electric Vehicle Spotlight: Financing a Volkswagen ID.4

EV Life

Volkswagen also added an entry-level standard trim with a more attractive base price to its lineup, further expanding the ID.4’s 4 has to offer, compare available trims, and take a look at how you can save money with EV incentives by financing through EV Life. But there’s a better way to finance your Volkswagen ID.4.