EV Adoption Is Up. It’s Just Moving Slower Than Expected
A recent study from J.D Power affirms EV sales are definitely up. But interest in, and adoption of, the technology are both slower than expected.
In short, J.D. Power insists that there are a number of factors at play here that have caused EV adoption growth to slow. However, because growth has slowed so much, the firm has adjusted its EV adoption forecast downward. Initially, it predicted that 12% of the U.S. new car market would be made up of EVs by 2025. Now, it says that EV sales will only make up 9% instead. Still, 2030 EV sales are predicted to make up 36% of all sales and reach 58% by 2035.
The 2 Cheapest States to Own a Car are Nearly 2,000 Miles Apart
Owning a car can get expensive, but where you live makes a big difference. A recent study looked at the costs of owning a vehicle across all 50 states. Researchers considered insurance rates, gas prices, repair costs, and even speeding fines to determine the most budget-friendly places for car owners.
According to the research, Ohio is the cheapest state to own a car. Interestingly, insurance rates and speeding fines are higher here than a few other areas. It seems the state is serious about punishing lead-footed drivers: fines for speeding average $150 a pop. However, average fuel and repair costs seem much more reasonable compared to the rest of the country.
Merchants Fleet Kicks Off 2nd Annual Supercharged September
Merchants Fleet announced the launch of ‘Supercharged September’, a month-long celebration of industry innovation in the electrification space.
This year’s event is packed with expert thought leadership, including a Supercharged September YouTube series that highlights our innovative work with Advanced Clean Fleets legislation and infrastructure solutions.
FLD: Improving Visibility into Your Assets During the Remarketing Process
By Richard Mallek, Director of Business Development, FLD Remarketing
A recent series of interviews with top fleet managers shows that a lack of accurate and timely insights into their assets during the remarketing process was one of the biggest problems they’d experienced before working with FLD.
Without a proper assessment, many fleets sell used assets for far less than they’re actually worth, further eroding their return on investment while driving up total cost of ownership.
In the 45 years that we have been pioneering the remarketing space, the team here at FLD has encountered – and helped fleets overcome - a wide range of problems. It’s what we do.
Contact the experts at FLD to make remarketing fast, easy and painless with an offer in days and payment in hours on any used asset in any condition – anytime.
Giving Back to Our Automotive Ecosystem by Paying Opportunity Forward!
Please join The Hourglass Foundation, a 501(c)3 nonprofit organization, and AFLA's 2024 Charity of the Year, in their ‘iGIve Back’ Campaign!
In celebration of being named AFLA Charity of the Year, the organization has launched ‘iGive Back,’ a fundraising initiative to raise money for student scholarships.
The Hourglass Foundation is on a mission to empower first-generation, low income, and diversely underrepresented students through scholarship opportunities that support educational endeavors in automotive tech and other skilled trades.
