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UMTRI study finds total cost of ownership of diesels in US often much less than gasoline counterparts

Green Car Congress

Though there are some exceptions to these positive results for some of the diesel versions of vehicles from a total-cost-of-ownership perspective, the overall direction of the results supports the idea that diesel vehicles are competitive within the U.S. The percentages are even higher after five years of ownership.

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The base Tesla Model 3 now costs less than the average new car in the US

Teslarati

Tesla’s entry-level vehicle, the Model 3 RWD, is now priced below the average cost of a new car in the United States. With Tesla’s price reduction efforts this year, vehicles like the base Model 3 have become cheaper than some new combustion-powered cars. trillion globally by 2030.

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BMW Group Launches car sharing service “ReachNow” in Seattle

Green Car Congress

Following a successful pilot program, BMW Group has launched ReachNow, a free-floating premium car sharing service, in Seattle. ReachNow is designed to provide drivers with an experience that is as convenient as owning a car. Car sharing for longer rentals. Car sharing for residential and corporate groups.

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April 2023 – Plug-in car market share continues to grow in Norway

Push EVs

Recall that new tax changes have applied from January 1st. Although these introduced some BEV taxes for the first time, mostly falling on heavy and expensive BEV models, taxes fell harder still on vehicles with CO2 emissions. PHEVs, with their middling emissions ratings, are taxed somewhere in between.

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Tata Motors posts record revenue and profit for FY24 | Autocar Professional

Baua Electric

Tata Motors expects JLR’s earnings before interest and taxes (EBIT) margin in the current financial year to remain at the FY24 level of 8.5%. Several brokerages are concerned about the company’s ability to sustain the growth momentum going forward, given the declining order book at JLR and slowing global sales in the segment.

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Building a Profitable EV Charging Business

EV Connect

Some forecasters project that 50% of total passenger car sales in the US will be electric by 2030. Even if the majority of cars are charged at home, that will still require (at a conservative estimate) one public charger for every 10 to 15 EVs. Don’t forget tax credits and incentives either.

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PHEVs Are A Great Solution For Many — But PHEV Incentives Need Fixing

EV Adoption

Current federal and state incentives reduce the effective cost of a PHEV and some states may reward drivers with HOV lane access — but do not have any method built in to hold drivers accountable to actually plug in their vehicles. Instead, the tax credit should have a minimum range requirement of 30 EPA miles.

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