Element Focuses Its Expertise on Untapped Markets
Element is focusing its expertise on a big, untapped market that’s beginning to realize the importance of fleet management.
Free EV Charging Perks for Car Buyers? Here’s What Each Automaker Offers
Car manufacturers sending out press releases that herald free charging for their current and forthcoming electric vehicles continue to hit us left and right. At a certain point, it gets difficult to keep them all straight.
Some are unlimited charging offers, while others only give you a few charges to get going. There are even different programs within car companies for different EVs. Just because one model gets free charging for years, doesn’t mean the rest of that company’s EVs do, too.
This handy guide lists what OEMs and what EVs offer free charging. You’ll find all the car companies that currently (or are about to) sell EVs in the U.S. on this list. charging
Read the article at Autoblog.
$12,500 Electric Vehicle Incentive Survives Biden’s Updated ‘Build Back Better’ Proposal
Ever since President Joe Biden took over the White House and the Democrats achieved a majority in both the House and the Senate, they have made it clear that they plan to reform the federal EV incentive program with the updated 'Build Back Better' proposal.
The main flaw in the current program is that it caps the $7,500 tax credit to 200,000 electric vehicles per manufacturer.
The second biggest problem is that the incentive takes the form of a $7,500 tax credit, which requires you to have the equivalent federal tax burden, and it is only applied on your next taxes. The framework’s electric vehicle tax credit will lower the cost of an electric vehicle that is made in America with American materials and union labor by $12,500 for a middle-class family.
Read the article at Electrek.
Many Americans Are Overpaying for Their Car Loans
Most borrowers pay their car loan with no problem.
But in recent years, tens of thousands of consumers have found themselves in financial sinkholes after receiving high-interest, longer-term auto loans that put them at serious risk of default.
“You’re not helping somebody to get a car if the odds are they’re going to lose it,” says Kathleen Engel, research professor at Suffolk University Law School in Boston who studies subprime financial products and is also the vice chair of CR’s board of directors. “That’s not getting somebody a car. That’s taking their money.”
Read the article at Consumer Reports.
The Intersection of EVs and Connected Vehicles
Geotab is positioned at the intersection of EVs and connected vehicles and aims to do all it can to use data to build confidence around fleet electrification.
