#Electric Vehicle (EV) Lease
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reasonsforhope · 1 year ago
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The U.S. Department of Treasury’s gift to electric-vehicle shoppers (and global automakers) for the new year was to make many more EVs and plug-in hybrids eligible for the federal tax subsidy of up to $7,500 — including vehicles built outside North America — as long as drivers lease them or buy used rather than buy new.
EV credits and [rules] took effect Jan. 1.
One category extends the former credit of up to $7,500 for consumers buying new EVs and PHEVs, but it puts new limits on vehicle price and buyer income and will soon add requirements for the sourcing of EV batteries and materials. Additionally, since August [2022], it has required that the vehicles be assembled in North America.
A second is a new credit of up to $4,000 for buyers of used EVs.
A third is a “commercial” credit for businesses acquiring EVs. It offers up to $7,500 for light-duty vehicles (under 14,000 pounds) and up to $40,000 for heavier vehicles. Significantly, the commercial credit does not have the origin, price or other restrictions of the credit for consumer buyers.
On top of all that, the Department of Treasury guidance released at the end of December allows the less restrictive commercial credit to also apply to vehicles leased by consumers; that means most plug-in and fuel-cell EVs currently on the market can qualify, including those built in Europe or Asia. The credit goes to the leasing company — the vehicle owner — but it can be passed to the consumer in the form of lower lease payments.
The new federal rules do not affect state and local subsidies available for EV buyers [which may be able to get you even more savings].
-via Cars.com, January 12, 2023
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e-carlease · 8 months ago
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The new electric MG convertible might therefor be well placed to offer a more balanced option for those customers looking for a performance experience. Building upon the brand’s heritage and presence, this is anything other than a boring car. With formidable power and acceleration, plus a whole host of luxury and sporty finishes. As UK customers can discover on their configurator (https://www.mgcyberster.co.uk/configurator), there are two key options to choose from including:
Trophy - from £54,995 this is a Single Motor with 19” alloys; and
GT - from £59,995 this is a Dual Motor with 20” alloys.   
Standard options include auto LED headlights, electrically adjustable / heated / folding door mirrors, front / rear parking sensors, electric scissor doors, fully electric good, launch control, 7” touch screen, wraparound 3-screen cockpit, 8-spekaer BOSE audio, adaptive cruise control, lane keep assist, active emergency braking, lane change assist, blind spot assist, heated seats, electric lumbar support, leather seats, wind deflector, climate control, keyless entry, ambient lighting, navigation, parking camera and V2L.            
Colours include English White, Camden Grey, Cosmic Silver, Dynamic Red and Inca Yellow. Also choose between a standard black hood or, for the white / grey / silver option, consider the red hood. Inside, the interior options include Black / Red or Grey.  
And how does the new Cyberster perform?
Trophy - this RWD Convertible will have a 74 kWh usable battery which will offer 0 – 62 times of 5.0 seconds, 121 mph top speeds and 250 kW (or 335hp). Expect a combined winter range of 225 miles with warmer weather allowing for 305 miles – a 265 mile combined. On charging, the 7.4 kW AC max will allow 12 hour and 30 min 0 – 100% charging times with the 144 kW DC maximum allowing 39 minute 10 – 80% times. A cargo volume of 249L is available with this car. It has a vehicle fuel equivalent of 144 mpg. It has Bidirectional capabilities, with the V2L (vehicle-to-load) supported; and
GT- this AWD Convertible will have a 74 kWh usable battery which will offer 0 – 62 times of 3.2 seconds, 124 mph top speeds and 375 kW (or 503hp). Expect a combined winter range of 210 miles with warmer weather allowing for 285 miles – a 250 mile combined. On charging, the 7.4 kW AC max will allow 12 hour and 30 min 0 – 100% charging times with the 144 kW DC maximum allowing 39 minute 10 – 80% times. A cargo volume of 249L is available with this car. It has a vehicle fuel equivalent of 136 mpg. It has Bidirectional capabilities, with the V2L (vehicle-to-load) supported.
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internationalelectriccar · 2 years ago
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Leasing Provides a Host of Benefits When it Comes to Electric Vehicles (EVs)
In this article, we'll examine the advantages of leasing an EV and explain why doing so might be a wise decision for anyone who wishes to take advantage of the benefits of EV technology.
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gentariindia · 2 months ago
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How to Choose the Right Electric Vehicle Charging Station?
Electric vehicles (EVs) contribute to cleaner air in urban areas, reducing pollution-related health problems. This is because EVs produce fewer emissions compared to traditional internal combustion engine vehicles. Additionally, rising conventional fuel prices have made EVs even more attractive.. For these reasons, many people are either purchasing or planning to purchase EVs.
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techdriveplay · 7 months ago
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Save Big on Kia EV9 Air
If you’re looking for a new car – we have good news for you! Kia has slashed the price of the Kia EV9 Air for a limited time only, bringing the vehicle under the Luxury Car Tax threshold (below $89,332 plus on-road costs). The price drop means extra savings for drivers, who will also benefit from Australia’s Electric Car Discount, as eligible EVs are exempt from the 47 per cent Fringe Benefits…
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entertainment-and-you · 9 months ago
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BMW Shakes Up Electric Car Market with Affordable Lease Deal on i4
BMW is making waves in the electric vehicle (EV) market with a groundbreaking lease offer on the all-new 2024 BMW i4. This announcement positions the i4 as the most affordable electric car to lease in the US, even surpassing the entry-level 2 Series. A Gateway to Electric Mobility: This exciting offer makes joining the electric revolution more accessible than ever. Starting at just $499 per…
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fingos-blog · 9 months ago
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Unlock the Benefits of a Novated Lease for Your Electric Car
Discover the Advantages of a Novated Lease Electric Car with Fingo
Introduction: As the world transitions towards sustainable transportation, electric cars have emerged as a popular choice for environmentally conscious individuals. Fingo specializes in offering novated lease solutions for electric cars, empowering you to enjoy the benefits of driving an eco-friendly vehicle while maximizing tax savings and minimizing costs. In this blog post, we'll explore the concept of a novated lease for electric cars and why Fingo is your ideal partner for securing one.
Understanding Novated Lease Electric Cars:
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A novated lease is a type of car finance arrangement that allows employees to lease a vehicle using pre-tax income, with the lease payments deducted directly from their salary. When it comes to electric cars, a novated lease offers several advantages:
Tax Savings: One of the primary benefits of a novated lease for electric cars is the potential tax savings. As the lease payments are deducted from your pre-tax income, you can lower your taxable income and reduce your overall tax liability. This can result in significant savings over the lease term.
Cost Savings: Electric cars are known for their lower operating costs compared to traditional petrol or diesel vehicles. With a novated lease, you can enjoy the cost savings associated with electric cars, including reduced fuel expenses, lower maintenance costs, and potential government incentives or rebates for electric vehicle ownership.
Environmental Benefits: By choosing an electric car through a novated lease, you're contributing to a cleaner and greener environment. Electric cars produce zero tailpipe emissions, helping reduce air pollution, greenhouse gas emissions, and dependence on fossil fuels. Driving an electric car is a sustainable choice that aligns with your commitment to environmental stewardship.
Convenience and Flexibility: With a novated lease, you have the flexibility to choose the electric car model that best suits your needs and preferences. Whether you're interested in a compact city car, a spacious SUV, or a high-performance electric vehicle, Fingo offers a wide range of options to meet your requirements. Plus, the lease payments cover all associated costs, including registration, insurance, servicing, and roadside assistance, making budgeting simple and hassle-free.
Why Choose Fingo for Your Novated Lease Electric Car?
Expert Guidance: Fingo's team of experienced finance professionals specializes in novated leasing and electric cars. We'll guide you through the process, answer your questions, and help you make informed decisions about your lease options.
Extensive Network: Fingo has partnerships with leading car dealerships and manufacturers, giving you access to a wide selection of electric car models from trusted brands. Whether you prefer a Tesla, Nissan Leaf, Hyundai Kona Electric, or any other electric vehicle, we can help you find the perfect match.
Personalized Solutions: We understand that every individual's circumstances are unique. That's why we offer personalized novated lease solutions tailored to your specific needs, budget, and lifestyle. Our goal is to provide you with a seamless and stress-free leasing experience.
Ongoing Support: Fingo is committed to providing ongoing support and assistance throughout your novated lease term. From lease setup to vehicle delivery and beyond, we're here to ensure that your experience with Fingo is smooth, transparent, and rewarding.
Conclusion: In conclusion, Fingo offers a convenient and cost-effective way to drive an electric car through a novated lease. With tax savings, environmental benefits, and personalized service, Fingo makes it easy for you to enjoy the advantages of electric vehicle ownership while saving money and reducing your carbon footprint. Contact Fingo today to learn more about our novated lease electric car options and take the first step towards a sustainable and rewarding driving experience.
Click Here For More Information : https://www.fingo.com.au/novated-lease-electric-car/
Contact Us For More Information
Phone : 1300 134 646
Address: 10-14 cochranes road, moorabbin vic 3189
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e-carlease · 11 months ago
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In terms of the car shown, the BYD Dolphin Hatchback 150kW Design 60.4kWh 5Dr Auto, this is based on the following:
Two tone - Surfing blue / Urban grey
Vegan leather - Black
17" Tri-colour alloy wheels
This FWD hatchback will have a 60.5 kWh usable battery which will offer 0 – 62 times of 7.0 seconds, 99 mph top speeds and 150 kW (or 201 hp). Expect a combined winter range of 175 miles with warmer weather allowing for 240 miles. On charging, the 11 kW AC max will allow 6 hour and 30 minute 0 – 100% charging times with the 88 kW DC maximum allowing 41 minute 10 – 80% times. A cargo volume of 345L is available with this car. It has a vehicle fuel equivalent of 140 mpg. This car cannot tow. This is based on the E-Platform 3.0 which is an EV dedicated platform and includes a heat pump; 
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evleasing · 18 days ago
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Why Car Leasing in Delhi is the Smart Choice for Professionals and Corporates
Car leasing has emerged as a game-changer for professionals and businesses in Delhi, offering an economical and flexible alternative to traditional vehicle ownership. With bustling urban life and a growing preference for sustainable transportation solutions, Car Leasing in Delhi is gaining traction among corporates and individuals alike. This article explores why leasing vehicles is the smart choice, covering the benefits, market trends, and top providers, including Alt Mobility.
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Car Leasing Delhi: An Overview
Benefits of Car Leasing for Professionals and Corporates in Delhi
Cost-Effective Transportation: Leasing eliminates the need for a hefty upfront payment, making it a preferred option for cash-flow-conscious businesses.
Ease of Maintenance: Most leasing agreements include comprehensive maintenance packages, reducing unexpected repair costs.
Flexibility: Leasing allows users to upgrade to the latest car models, ensuring access to advanced features without committing to long-term ownership.
Key Factors Driving Popularity
Delhi’s heavy traffic, high pollution levels, and limited parking spaces make car leasing a practical alternative. Companies can maintain fleets without incurring the burdens of ownership.
Understanding Vehicle Leasing in India
Overview of Vehicle Leasing Services Across India
Vehicle leasing in India is growing exponentially, with businesses preferring this model to cut operational costs. From compact cars to luxury SUVs, leasing options cater to diverse needs.
Trends in Vehicle Leasing in India
The rise of electric vehicles (EVs) and sustainability goals has spurred demand for leasing EVs, signaling a shift in market dynamics.
Top Car Leasing Companies in India
Key Players in the Market
Prominent Car Leasing Companies in India include Alt Mobility, ORIX, and Mahindra Lease. Each provider offers distinct benefits, from custom fleet solutions to electric vehicle leasing.
Why Alt Mobility Stands Out
Alt Mobility specializes in EV Auto Leasing Services, catering to the growing demand for eco-friendly transportation in Delhi and beyond.
The Advantages of Vehicle Leasing
Cost Savings
Leasing minimizes upfront investments, making it an attractive option for startups and established businesses alike.
Upgradability
Switch to new models without worrying about depreciation or resale value.
Maintenance and Repairs
Leasing agreements often include routine maintenance, ensuring hassle-free usage.
Electric Vehicle for Lease
Why Lease an Electric Vehicle in Delhi?
Delhi’s push for green initiatives and rising fuel costs make leasing EVs a wise choice. With Electric Vehicle for Lease programs, companies can reduce their carbon footprint while benefiting from subsidies and lower operating costs.
Role of EV Auto Leasing Services
Providers like Alt Mobility are paving the way for a sustainable future by offering customizable EV leasing solutions.
Car Leasing vs. Buying
Financial Perspective
Leasing requires minimal initial investment compared to buying, preserving cash flow for other priorities.
Lifestyle Considerations
Leasing offers unparalleled flexibility, perfect for professionals who value convenience and adaptability.
Types of Car Leasing Services
Fleet Leasing for Corporates
Businesses can lease entire fleets to meet transportation needs efficiently.
Personal Leasing for Professionals
Leasing offers individuals the freedom to drive premium vehicles without long-term financial commitments.
Tax Benefits and Financial Incentives
Tax Advantages
Leasing costs can be categorized as business expenses, offering significant tax savings for companies.
Government Policies
Policies like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme encourage EV leasing by offering incentives.
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Alt Mobility: EV Auto Leasing Services
Why Choose Alt Mobility?
Tailored leasing solutions for electric vehicles.
Comprehensive maintenance and insurance packages.
Focus on sustainability and innovation.
Environmental Impact of Leasing
Sustainability Benefits
Leasing reduces the demand for manufacturing new vehicles, thereby decreasing environmental degradation.
Impact of EV Leasing
Switching to EV leasing directly contributes to a reduction in greenhouse gas emissions.
Common Myths About Car Leasing
Myth 1: Leasing is Expensive
Reality: Leasing is often more affordable than buying when factoring in maintenance and depreciation.
Myth 2: Limited Customization
Reality: Many leasing companies offer customizable solutions tailored to individual needs.
FAQs
What is the process of leasing a car in Delhi? Leasing involves selecting a provider, choosing a car model, signing a contract, and fulfilling documentation requirements.
Can I lease an electric vehicle in Delhi? Yes, companies like Alt Mobility specialize in leasing EVs with flexible plans.
What happens at the end of a lease? You can renew the lease, purchase the vehicle, or return it.
Are maintenance costs included in leasing agreements? Most leasing contracts cover maintenance and insurance, ensuring peace of mind.
What are the tax benefits of leasing? Leasing expenses can be claimed as business deductions, reducing taxable income.
Why should professionals lease instead of buying? Leasing offers flexibility, cost savings, and the ability to upgrade frequently.
Conclusion
For professionals and businesses in Delhi, Car Leasing is more than just a transportation solution—it’s a smarter, more economical, and sustainable choice. With industry leaders like Alt Mobility leading the way, the future of vehicle leasing in India looks promising. Embrace the benefits of leasing today and experience unmatched convenience and flexibility.
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gentariindia · 3 months ago
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Everything You Need to Know About Electric Vehicle Charging Stations
As more people transition to electric vehicles (EVs), there has been a rising demand for EV charging stations. This blog post will provide you with all the information you need to know about electric vehicle charging stations, from types and factors to consider to finding charging stations, proper etiquette, and trends.
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techdriveplay · 10 months ago
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What is Novated Leasing and How Do You Choose a Good Provider?
More Australians are discovering the benefits of novated leasing, with the salary sacrificing arrangement booming in popularity. A novated lease allows you to pay for your car and its running costs with your pre-tax salary. This dramatically reduces your taxable income, potentially saving you thousands each year.    Once used almost exclusively by big corporations and the top end of town,…
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batboyblog · 4 months ago
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Things the Biden-Harris Administration Did This Week #31
August 23-30 2024
The Department of Transportation announced $521 million to help increase the number of electric vehicle charging ports. They money will go to projects in 29 different states, DC, and 8 tribal governments. It'll help build over 9,200 EV charging ports. Since Biden took office publicly available EV chargers has doubled, there are now over 192,000 public EV chargers in the nation with about 1,000 new ones being added every week.
The Department of The Interior announced the first ever lease for off-shore wind power in Oregon. When fully developed the two sites in Southern Oregon will generate 3.1 gigawatts of clean, renewable energy, enough to power a million homes. Under the Biden-Harris administration first of their kind off-shore wind power projects have been approved and started in the Pacific and Gulf of Mexico coasts. In total 13 gigawatts of clean energy from offshore wind projects, enough to power nearly 5 million homes, has been approved.
Secretary of the Interior Deb Haaland finalized the protection of 28 million acres of public lands across Alaska.  In the last days of the Trump Administration protections for these lands were lifted. The Trump Interior Department did not consult with the Alaska natives who depend on these protected lands before lifting the protections. Deb Haaland the first Native American to serve as Secretary of the Interior declared "Tribal consultation must be treated as a requirement – not an option"
The Department of Health and Human Services announced $558 Million for improving maternal health. This is part of the Biden-Harris Administration's effort to address the maternal health crisis, which has been lead by Vice-President Harris. $440 million of the money will help expand a program of home visiting services for maternal, infant, and early childhood. $118 million, through the CDC, will go to 46 states, and six territories, over 5 years to help build the public health infrastructure to better identify and prevent pregnancy-related deaths.
It was announced that Maine will join the IRS' Direct File program for tax year 2025. Maine joins Oregon, New Jersey, Pennsylvania, New Mexico, Connecticut, North Carolina, and Wisconsin along with the original 12 states. The Direct File program, made possible by President Biden's Inflation Reduction Act, allows tax payers to file, for free, simple returns with the IRS. The 140,000 tax payers who used the pilot program in 2024 saved a collective $5.6 million in filing costs. Maine's Revenue Services plans to work with the ISR to allow tax payers to file their state taxes by just transferring the info from the ISR direct file.
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dertaglichedan · 2 months ago
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EV Disaster: Fisker, Once Promoted by Joe Biden, Hits Bankruptcy Snag
Troubled electric vehicle company Fisker’s Chapter 11 bankruptcy proceedings have encountered a significant obstacle, as American Lease, the company set to purchase Fisker’s remaining fleet of SUVs, may back out of the deal due to technical issues.
TechCrunch reports that Fisker’s Chapter 11 bankruptcy process has hit a major snag. American Lease, a New York-based leasing company that agreed to purchase Fisker’s remaining fleet of over 3,000 electric Ocean SUVs, has filed an emergency objection to the liquidation plan. The objection stems from Fisker’s revelation that it may be unable to transfer crucial vehicle information to a new server not owned by the bankrupt company.
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The purchase agreement between Fisker and American Lease, approved in July, has been a lifeline for the struggling EV startup. American Lease has already paid “tens of millions of dollars” to Fisker, enabling the company to fund its bankruptcy proceedings and settle debts. The funds have also been crucial in preparing Fisker to liquidate approximately $1 billion in assets that were previously under the control of an insolvent Austrian subsidiary.
Breitbart News previously reported on Joe Biden’s cozy relationship with Fisker:
In 2009, Biden promised that $529 million in new Department of Energy loan guarantees to Fisker Automotive to produce electric cars in Delaware would provide “billions of dollars in good, new jobs.” Four years later, Fisker filed for bankruptcy — without producing a single car in the U.S. As Breitbart News reported at the time, Fisker was granted the loan guarantees to produce a hybrid sports car called the “Karma” for the luxury auto market, with a price of $103,000. High-profile political figures lobbied for the deal. Fisker filed for bankruptcy failed in 2013 and taxpayers lost $139 million on the venture. Republicans noted: “The jobs that were promised never materialized and once again tax payers are on the hook for the administration’s reckless gamble.” Along with failed solar panel manufacturer Solyndra, Fisker was one of the highest-profile failures of the stimulus, which Biden oversaw, and which he has touted on the campaign trail as proof of his ability to handle America’s economic recovery.
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mightyflamethrower · 4 months ago
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Biden’s ironically named Inflation Reduction Act (IRA) was supposed to create millions of green jobs and launch the “sustainable power” industry.
Subsidies flowed to support electric vehicles, wind farms, and solar energy.  We have been covering the slowdown in the EV market, and residents of the East Coast are questioning all the promises made by the wind energy companies after the Vineyard Wind blade failure.
Now, it’s time to turn our attention to solar power. SunPower, the company that provides solar panels to many Californian homes in the sunny Coachella Valley area, filed for bankruptcy this week.
It is the latest development in a saga that has seen the company facing numerous serious and seemingly escalating challenges over the past several months, including allegations about executives’ misconduct related to the company’s financial statements and a recent decision that SunPower would no longer offer new solar leases. Days after the latter announcement, Coachella Valley-based Renova Energy, which markets and installs SunPower systems, said it was ending its partnership with SunPower and temporarily pausing operations after not receiving required payments from SunPower. SunPower’s executive chairman wrote in a letter posted on the company’s website on Monday that the company had reached an agreement to sell certain divisions of its business and suggested it was looking for one or more buyers to take on the rest, including the company’s responsibilities to maintain solar systems it has previously sold or leased.
It is important to note that SunPower was the industry’s “darling” to understand the magnitude of this development.
Founded in 1985 by a Stanford professor, SunPower was, for the past two decades, a darling of the solar industry. The company helped build America’s biggest solar plant, called Solar Star and located near Rosamond, California, and has installed solar panels on more than 100,000 homes. The company’s stock price has fluctuated dramatically, peaking during the solar stock frenzy of late 2007. As recently as January 2021, SunPower’s valuation momentarily reached $10 billion, buoyed by the expansion of its residential solar panels program. But since then, the company’s value has cratered — and this year, its situation became particularly dire.
It is also important to note that earlier this month, the bankruptcy of a solar-powered company in South Florida created an array of problems on the South Coast of California. Subcontractors are scrambling to find ways to guarantee payment for work on homes with equipment from the firm.
Meanwhile, homeowners are regretting their misplaced trust in eco-activists and city officials.
The business — Electriq Power Inc. — was putting solar panels and batteries on Santa Barbara rooftops at no expense to homeowners and with the blessings of the cities of Santa Barbara, Goleta, and Carpinteria. But then Electriq filed Chapter 7 on May 3, freezing all its operations. This prompted one of its subcontractors, Axiom 360 of Grover Beach, to place mechanics liens on homes for which it had yet to be paid. This preserves Axiom’s options for full payment of its installation work and is not unusual among contractors. But for homeowners who didn’t expect any financial outlay, it came as a shock, especially as the recording notice lists foreclosure in 90 days among the penalties. “You’re helping the environment. You’re not paying high rates to Southern California Edison,” said homeowner Randy Freed, explaining why he signed on to Electriq’s PoweredUp Goleta program. He was pleased with the savings in the solar array and storage batteries, but then he received the mechanics lien in June. The possibility of foreclosure was unanticipated, Freed said, and he’d relied on the cities’ endorsements. “It’s a great program; we’ve checked them out,” he recalled the cities saying on a postcard he received.
Hot Air's Beege Welborne takes an in-depth look at the cascade of warnings that indicate SunPower and the residential solar market are in serious trouble. She also hits on a point that is true for all green energy schemes: Today’s technology cannot keep up with the promises being made about tomorrow.
The technology side still hasn’t ironed itself out and may never with as saturated as the market is. With interest rates as high as they are and home prices through the roof, no one wants to pay a fortune for something that’s not rock solid. …That “sustainable” growth is only possible once all the artificial supports are knocked away and the technology proves viable and worth the cost once and for all.
Of course, the solar industry isn’t helped by the fact that the cost savings for customers aren’t quite as lavish as originally promised.
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climatecalling · 2 years ago
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"The biggest problem we need to address in society’s relationship with the car is the “fast fashion” sales culture that has been the commercial template of the car industry for decades. Currently, on average we keep our new cars for only three years before selling them on, driven mainly by the ubiquitous three-year leasing model. This seems an outrageously profligate use of the world’s natural resources when you consider what great condition a three-year-old car is in. ... You can now make a car for £15,000 that, with tender loving care, will last for 30 years. ...
"We need also to acknowledge what a great asset we have in the cars that currently exist (there are nearly 1.5bn of them worldwide). In terms of manufacture, these cars have paid their environmental dues and, although it is sensible to reduce our reliance on them, it would seem right to look carefully at ways of retaining them while lowering their polluting effect. Fairly obviously, we could use them less. As an environmentalist once said to me, if you really need a car, buy an old one and use it as little as possible. ...
"Increasingly, I’m feeling that our honeymoon with electric cars is coming to an end, and that’s no bad thing: we’re realising that a wider range of options need to be explored if we’re going to properly address the very serious environmental problems that our use of the motor car has created. We should keep developing hydrogen, as well as synthetic fuels to save the scrapping of older cars which still have so much to give, while simultaneously promoting a quite different business model for the car industry, in which we keep our new vehicles for longer, acknowledging their amazing but overlooked longevity."
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It’s actually crazy that Honda and Nissan are discussing merging because of how much they’re struggling in the EV market, when both of them were once at the forefront of the EV market.
They had the automotive market in their hands… but they listed to the Oil Industry’s dollars a little too hard, and look where it’s gotten them.
After learning from the limited-run, lease-only 1997 Honda EV Plus, in 1999 Honda released the first hybrid vehicle on American roads, the Honda Insight. That car still, today, holds the record for the most efficient internal combustion engine vehicle that the EPA has ever tested.
After the limited-run, lease-only 1997 Nissan Altra debuted, it became the first electric vehicle to utilize Lithium Ion batteries, a technology that makes the EV industry possible, these days. What Nissan learned from that compliance car is what allowed them to build the 2010 Nissan LEAF: The world’s first purchasable, affordably priced, AND mass produced electric passenger car with legacy automaker parts and dealership support. It was revolutionary, and it shocked a lot of the auto world, who didn’t think it was possible.
Then… they just gave up. They had unimaginable success in their hands, and then… they decided to shuffle their feet, and now here they are.
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