Remove Electric Vehicles Remove Finance Remove IT
article thumbnail

Rivian to Receive $6.6B Conditional Loan from US DOE

Tomorrow's Technician

Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) loan program for a loan of up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest) to accelerate its growth and leadership of electric vehicle design, development and manufacturing in the United States.

Finance 130
article thumbnail

Automotive School EV Watch: Are Federal Rebates Working?

Automotive Training Centre

Electric vehicles (EVs) have become a significant part of the automotive school landscape, driven by technological advancements and growing environmental consciousness. Currently, the province provides up to $7,000 for new fully electric vehicles, $5,000 for plug-in hybrids, and $3,500 for used EVs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Electric Vehicles in the Used Car Market: How Car Dealers Are Adapting

Auto Service World

The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the used car market is also seeing an influx of these eco-friendly vehicles.

article thumbnail

Electric Vehicles in the Used Car Market: How Car Dealers Are Adapting

Auto Service World

The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the used car market is also seeing an influx of these eco-friendly vehicles.

article thumbnail

Canada bucks global trends as ZEV sales grow

Auto Service World

According to Stats Can, The majority of these registrations were battery-electric vehicles (BEVs), which made up 73.8 According to Stats Can, The majority of these registrations were battery-electric vehicles (BEVs), which made up 73.8 Plug-in hybrid electric vehicles (PHEVs) accounted for the remaining 26.2

article thumbnail

Commentary: Scaling for the Future

Auto Service World

Identify the range of services your business will offer, such as general repairs, diagnostics, or specialty services like electric vehicle maintenance, and consider how these services might expand in the future. Develop a business plan A solid business plan is the cornerstone of a successful auto service business.

article thumbnail

Shuttering green EV program leaves some reeing red

Auto Service World

However, with Canadas Incentives for Zero-Emission Vehicles (iZEV) Program set to pause March 31, some organizations are concerned funds will be completely depleted prior to its completion date, leaving Canadians questioning if the government will abandon the effort. per cent in 2019 to 11.7 The figure climbed further to 14.2