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Bank Study Claims 52 Percent of Households Postponed New Vehicle Purchases

The Truth About Cars

A survey conducted by Santander Holdings USA, attempting to probe the status of middle-class households over the last twelve months, has reported that over half are actively delaying new-vehicle purchases. While we’re focused entirely on automotive issues, home ownership has indeed played a factor in reducing vehicle purchases.

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Tesla partners with Origence for credit union-based financing program

Teslarati

Tesla and Origence, which describes itself as the leading credit union technology company in the United States, have announced a partnership that will allow the automaker to offer car buyers financing through a credit union when ordering a vehicle through the company’s website. I’d love to chat!

Financing 142
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Moscow plans to buy 500 more electric buses in 2022

Green Car Congress

This year the Government of Moscow plans to buy 500 additional electric buses. Most of them will be purchased with the funds from the green bonds. The funds received from the placement of green bonds were earlier used to purchase 400 electric buses. Today nearly half of the Moscow e-bus fleet has been financed by green bonds.

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Bank of America introduces residential EV charger financing

Teslarati

Bank of America made a drastic step forward today to make at-home residential electric vehicle chargers an easier purchase for car buyers. BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. With the nationwide EV outlook expected to reach 26.4

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Tesla (TSLA) goes back to 0% financing but forces you to buy ‘Full Self-Driving

Baua Electric

That’s why I was surprised to see Tesla bring back its 0% financing this quarter in the US just a week after ending its subsidized financing program to help sales at the end of last quarter. However, I don’t know how many people are going to be willing to add a $8,000 FSD package to their purchase to get the 0% APR.

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Fisker creates “Fisker Finance” with JPMorgan Chase and Santander

Teslarati

Fisker has announced that through its mobile app, customers will soon be able to finance their vehicle via a partnership with JPMorgan Chase Bank in the US or Santander Bank in Europe. In addition to finance, the app will also be updated to allow customers to make other purchases. Shoot me an email at william@teslarati.com.

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Backfire: Buying EVs Hasn’t Worked for Hertz

The Truth About Cars

If you haven’t been following Hertz, the automotive rental company filed for bankruptcy in 2020 and was purchased in June of 2021 by a hedge fund and equity firm that assumed they could run the business. However, the bizarre nature of the situation made it appetizing to investors who could now buy up shares for practically nothing.

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