Remove Cost Of Remove Financing Remove Future Remove Purchase
article thumbnail

Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

Green Car Congress

a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. The remaining $25 million will function as a revolving credit facility from which Workhorse may draw down as necessary to meet existing and future purchase orders.

Financing 259
article thumbnail

Cholamandalam sees rural demand boom in vehicle financing | Autocar Professional

Baua Electric

Cholamandalam Investment and Finance Company Limited, a major participant in India’s vehicle financing sector, reported a significant surge in demand, particularly in rural markets. The company management anticipate a marginal rise in the cost of funds due to an expanding borrowing profile.

article thumbnail

How the financing arm helped Mercedes Benz crack the Indian luxury market | Autocar Professional

Baua Electric

Today, it finances nearly half of all the Mercedes-Benz vehicles sold in India. Translated, this means that of all the cars sold by Mercedes-Benz in India, we are financing four out of 10 or two out of five vehicles,” said Brendon Sissing, CEO and Managing Director of Mercedes-Benz Financial Services (MBFS).

article thumbnail

BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

Green Car Congress

This also expresses our confidence for the future business development. Those companies capable of developing and combining hardware and software in equal measure will shape the future of the automobile. —Nicolas Peter, Member of the Board of Management of BMW AG, Finance.

BMW 291
article thumbnail

Vehicle scrappage policy to reduce cost of EVs says  Nitin Gadkari 

Electric Vehicles India

Vehicle scrappage policy to reduce cost of EVs says Nitin Gadkari . The newly launched Voluntary Vehicle Fleet Modernisation Programme or the vehicle scrappage policy will help to reduce the cost of manufacturing electric vehicles in India. He said that in the near future, electric vehicles will be cheaper than petrol and diesel ones.

Scrappage 105
article thumbnail

Electric Vehicle Spotlight: Financing Chevrolet Blazer EV

EV Life

We’ll also show you how to save a ton of money by financing your purchase through EV Life. It’s also important to note that Chevy’s BEV3 electrical architecture is software-based, which means future updates via GM’s ULTIFI could potentially improve charging rates. For AC charging, it operates at 11.3

article thumbnail

Lux Research: fuel cell vehicles lag other drivetrains in terms of cost of ownership; ICE and HEV lowest cost

Green Car Congress

Based on an analysis of various cost of ownership scenarios for various drivetrains, including internal combustion engine (ICE) gasoline and diesel; hybrid (HEV); battery-electric (EV); plug-in hybrid electric (PHEV); and fuel cell vehicles, Lux Research concludes that fuel cell vehicles (FCVs) are “ solidly in a laggard position. ”.

Cost Of 308