Edmunds Analysis Says Tax Credit Cuts Put Mainstream Electric Vehicle Market in Jeopardy
New research finds financial incentives don’t encourage mass adoption of EV technology but are vital to sustaining sales
As companies such as Tesla and General Motors launch new electric vehicles (EVs) designed to attract the masses, a new report from Edmunds shows that without generous tax incentives, it will be challenging for either company to meet sales goals for these vehicles.
“With gas prices at a relative low and the popularity of SUVs and trucks hitting all-time highs, the EV market is at a crossroads,” said Jessica Caldwell, executive director of industry analysis for Edmunds.
Wall Street Is Making It Harder to Buy a Car
On countless occasions in recent years, the U.S. auto industry has relied on cheap and easy credit from Wall Street to get it through rough patches.
Not this time.
With both bad loans and interest rates on the rise, financial institutions are becoming more selective in doling out credit for new-car purchases, adding to the pressure for automakers already up against the wall with sliding sales, swelling inventories and a used-car glut.
WEX Webinar on Big Data and Fleets Ahead of NAFA
It’s no secret that data and analytics impact the fleet industry on many levels.
But what exactly does this mean and how can managers leverage these technologies?
Join an insightful NAFA webinar – “How to Make Big Data Practical for your Fleet” -- featuring three key executives from the WEX, Inc. fleet team: Kurt Thearling, VP Analytics, Katherine Ferguson, VP Marketing and Bernie Kavanagh, SVP & General Manager, North America Large Fleet.
How President Trump Will Change What You Drive
President Trump isn't expected to show up at the New York Auto Show this week, but his presence will be felt with the reveal of every new model.
Many of the cars making their debut at the show are larger and thirstier, reflecting a new era in which Trump administration may ease gas-mileage targets and slow the adoption of other regulations. The administration says its goal is to put the U.S. auto industry on a solid path and promote American jobs.
To a large extent, Trump can take advantage of a trend that was already in progress in an era of cheap gas — the nation's transition from cars to crossovers, sport-utility vehicles, and pickup trucks. The big losers are smaller cars, which helped the nation save on gas during the Obama administration.
Oswald Appointed New Chief Financial Officer for Alphabet
Business mobility and fleet leasing experts Alphabet GB Limited today announced that Stefan Oswald has been appointed to their UK Executive Team as Chief Financial Officer.
Oswald joined the business earlier this month following the departure of Albert Vissers, who returned to the company’s operation in the Netherlands.
Oswald joins from the BMW Bank GmbH in Munich where he was global Head of Asset Risk for five years, responsible for managing residual value risk worldwide.
