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Experian Report: Consumers Leasing EVs at a High Rate

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With electric vehicles (EVs) continuing to become a viable option for prospective vehicle shoppers, one trend stands out: EV buyers opting to lease. By comparison, EVs only made up 2.11% of new vehicle leases in Q4 2020. In Q4 2024, the average interest rate for a new vehicle was 6.35%, down from 7.16% a year ago.

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Kelley Blue Book Announces 2025 Best Resale Value Award Winners

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but they may be surprised to know that depreciation can be one of the biggest expenses they will encounter while owning a vehicle. Many new-car buyers do not realize that depreciation often is the greatest expense incurred by drivers during the first five years of vehicle ownership. Resale value for new vehicles can vary greatly.

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A Year in Review: A List of 2023’s Best Electric Vehicles for Students in Automotive Training

Automotive Training Centre

The Electric Vehicle industry has witnessed several exciting new developments in 2023. These innovative features have been integrated into the most recent vehicles and others in development. The best part of this car is that you don’t have to break the bank for it. Contact ATC Surrey for more information.

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Used Car Buyer’s Guide: Eco-Friendly Family Cars That Won’t Break the Bank

Auto Service World

Eco-Friendly Features: Two-motor hybrid system Eco-Assist system Low emissions Driver Feedback: Drivers love the Accord Hybrid for its seamless transition between electric and gasoline power, as well as its spacious and well-appointed interior. For shorter trips, a fully electric vehicle could be ideal.

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EV World: The importance of a healthy used EV market

Auto Service World

Theres hesitancy around used electric vehicles in Canada but its important to have a strong second-hand market As Canada continues to embrace electric vehicles (EVs) as a critical part of its transition to a greener future, the conversation often revolves around brand new EVs.

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Small but Mighty! A Guide to the Eli Zero for Those in Automotive Training

Automotive Training Centre

As the automotive industry continues to evolve, so do the opportunities for those training to become the next generation of experts in hybrid and electric vehicle (EV) technology. One such advancement is the Eli Zero, a compact urban electric vehicle making waves in the industry. Measuring just 4.5 feet wide and 7.4

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Alt-fuel vehicles don’t necessarily have to break the bank

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A common hesitancy consumers might have about buying alternative-fuel vehicles (even used ones) is that the cost is too high. And that assumption isn’t entirely wrong — it might be fair on some models, particularly electrics. In fact, used hybrids may be a better deal than gas vehicles in terms of average overall cost-effectiveness.

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