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Eldon Bornn and Tiffany Favelle are the new owners of Elmac Auto Electric Ltd., Operating under the Bumper to Bumper banner, the store provides automotive parts, tools, accessories and DC electrical equipment testing and servicing. a Bumper to Bumper auto parts store in Red Deer, Alta.
American all-electric automaker Rivian Automotive has received a conditional commitment from the U.S. 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.
High initial costs, range anxiety and lack of charging options are keeping many away from considering buy an electric vehicle, a recent survey found. A recent survey from Refused Car Finance found that 66 per cent of respondents in the … The post Why some won’t buy an EV appeared first on Auto Service World.
Why Consider Electric Cars? Pros Explained Electric cars have become a hot topic in the automotive world. By considering the pros and cons of electric cars, you can make an informed decision about whether they are right for you. How Do Electric Cars Benefit the Environment? Electricity is generally cheaper than gasoline.
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.
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 I was expecting it to look a lot more like the US, where we’d see flattish numbers for battery electric vehicles,” he told Yahoo Finance.
The new Scania battery-electric bus platform , one part of the company’s complete e-mobility solutions covering vehicles, services, and systems makes its debut at Busworld on Oct. Scania adds its committed electrification journey started with field tests of hybrid electric buses as early as 2007.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). This article explores how car dealers are adapting to the growing presence of certified electric vehicles (EVs) in the used car market and what this means for consumers.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). This article explores how car dealers are adapting to the growing presence of certified electric vehicles (EVs) in the used car market and what this means for consumers.
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. For instance, prepare for the growing demand for electric vehicle maintenance and advanced driver-assistance systems calibration.
The study highlighted the growing satisfaction among electric vehicle (EV) buyers, who are leading the way in satisfaction during the car-buying process. These tools provide clarity on inventory, financing options, and add-ons like charging equipment or related F&I products, making complex components of the EV purchase more accessible.
From the rise of electric vehicles to the integration of artificial intelligence into vehicles, the landscape is evolving at an unprecedented pace. Interest rates have reached their highest levels in years, increasing costs for consumers seeking financing for vehicle purchases.
With electric vehicles (EVs) continuing to become a viable option for prospective vehicle shoppers, one trend stands out: EV buyers opting to lease. Expanding beyond the EV market, the report showed more financing is comprised of late-model vehicles (model years up to three years old). Is the Market Shifting Back to New?
“The end of the iZEV purchase incentive program while maintaining electric vehicle mandates will be a disaster for consumers, dealers, manufacturers and the Canadian economy,” the groups stated in the announcement. Mandating EV sales cannot exist without the incentive program, the groups jointly announced. per cent in 2019 to 11.7
If you were interested in picking up the electric Ram 1500 REV pickup, youre going to have to wait a bit. Slowing EV demand , specifically for half-ton electric pickups, has led the automaker to change the rollout plans for its pair of electrified trucks. The electric Ram REV is now delayed until 2026, while the Read more.
Do electric vehicles really offer a lower cost of ownership than gas-powered vehicles? The automotive data firms 2025 Electric Vehicle Cost of Ownership Analysis found 44% of the 54 EV models studied had a lower total cost of ownership over five years than a similarly equipped gasoline alternative a drop from 49% in the 2024 study.
Credit unions remain cautiously optimistic about the auto finance landscape through the end of 2024. Most do not anticipate improvements in liquidity and delinquency crises or significant impacts from lowered interest rates until mid-2025, as per CULA’s recent “Future of Auto Finance – The Next Six Months” survey.
The legendary Mopar brand was optimistic about its future in recent years, announcing a move to all-electric luxury vehicles by 2028. The Chrysler brand is in dire straits right now as its product lineup has dwindled to a single product, the venerable, but long-in-the-tooth, Pacifica van. Now, with that deadline just Read more.
These days, it seems like all the desirable, interesting cars are staying expensive instead of getting cheap so they can ruin the finances of normal people willing to roll the dice on maintenance and repairs. Those may be bad decisions, but we at least want the opportunity to make them, dammit. The BMW i8 , on the Read more.
In response, dealerships are investing in digital tools that offer virtual walkarounds, online financing, and even at-home test drives. Todays consumers demand clear information on financing, vehicle history, warranties, and trade-in values.
Good morning! Its Monday, January 27, 2025, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.
An analysis of British road traffic accidents in a recent study concluded that battery electric vehicles and hybrids are significantly more likely to strike pedestrians than gas or diesel vehicles. According to data compiled from 32 billion miles of BEV and HEV travel and over 3 trillion miles traveled in gas and… Read more.
The Texas Public Policy Foundation, a conservative organization funded at least in part by Chevron and ExxonMobil, recently published a paper condemning the production and purchase of electric vehicles on the basis that they’re socialist nightmare garbage or whatever. The paper asserts that the true cost of electric… Read more.
Driving distances in Austin can be substantial, so fuel costs can add up quickly unless you drive an electric car or a fuel-saving one. Solution: If fuel savings are a priority, look into hybrid or electric luxury models, which are becoming more common. Leasing may also be more cost-effective if you dont plan to keep the car long term.
Electric vehicles are becoming more prevalent on roads around the world, and traditional automakers are constantly rolling out new EV models. However, there’s clearly a desire to make what’s old new again. Enthusiasts are devoting their time and money to EV restomods , and manufacturers are reviving nameplates for new… Read more.
Managed by the new Stellantis Charging and Energy Business Unit, Free2move Charge addresses electric vehicle customer needs at home, in their business and on-the-go. “As Free2move Charge Home delivers private customers support with installation, financing and warranty of home charging and other energy hardware and services.
A new survey shows that 31 percent of American drivers who financed their car are u nderwater on their loans. The problem is even worse for EV owners – 46 percent of those folks have negative equity in their electric cars. Americans have a huge automotive debt problem right now. Furthering the issue is the fact that… Read more.
Automakers across America have plowed millions of dollars into their electric vehicle strategies in recent years. Whether it’s new product development, engineering to create lighter, more powerful motors or investment in new factories, they’ve all spent a small fortune. Now, it turns out that cost may not be paying… Read more.
Norway is leading the entire world when it comes to electric vehicle adoption. Nine out of ten cars sold in the Nordic country in 2024 were powered by electricity. That puts the country well on track to hit its goal of only adding EVs to the road in 2025. Thats a lofty task, but if anyone is equipped to do it, Norway Read more.
Audi is calling its stylish new off-road electric concept car a reinterpretation of Quattro that showcases the potential of the PPE platform, but theres a much simpler reason this electric Q6 E-Tron concept is cool: It has portal axles. The all-black-everything Q6 E-Tron Offroad concept is lifted nearly 6.5 inches Read more.
The world of electric vehicles is uncertain right now, with automakers backtracking on targets, the new U.S. Not Ferrari, though, as the famed Italian automaker has confirmed that its first electric car is coming, and its Read more. government slashing support for their rollout and brands delaying new models all over the shop.
These days, most cars can be found at or below MSRP. Inventory levels have mostly recovered, and dealers are generally willing to work with you. That said, not every new car that you could possibly want is going to be a great deal. In fact, several new cars are still selling for more than MSRP. It certainly isnt Read more.
BMW calls the 15-horsepower 48 volt electric motor in the new CE 02 electric scooter an “ externally excited air-cooled synchronous motor.” That’s a really fancy way of saying that the Motorrad division of the company raided the automobile side of the company’s parts bin for a current 3-series alternator and repurposed… Read more.
Automakers have gone to great lengths to make their electric vehicles feel a bit less alien. There are some that have created synthetic engine notes to pipe out their non-existent exhausts, while others have even simulated manual gearboxes to replicate the shudder of a sharp gear change. Now, Stellantis is looking… Read more.
It’s outselling other electric pickups like the Ford F-150 Lightning and was also the best-selling vehicle over $100,000 this summer. Tesla’s Cybertruck is selling surprisingly well. Given the notoriety and novelty of the truck’s design, some owners think they’re sitting on an art piece that will make them a quick… Read more.
While NASCAR doesnt currently organize a racing series for electric vehicles, you will be able to see this Mach-E stock car going flat-out this year. Following on the heels of two SuperVans and a SuperTruck , Ford unveiled a Mustang Mach-E NASCAR prototype on Thursday. Ford plans to race the demonstrator at the 2025 Read more.
The automotive industry is experiencing a noticeable shift in consumer behavior and market dynamics, particularly in regard to finance and insurance (F&I) products. The rise of electric vehicles (EVs) and hybrid plug-in sales is another factor shaping the F&I landscape. With 17.3% The survey indicates that 23.9%
Automakers have been experimenting with electric cars for over a century. While many consider the GM EV1 to be the first mainstream electric car for the masses, some American automakers were experimenting with bringing an EV to market decades before General Motors, including Dodge, GMs direct rival. One of Dodges Read more.
Rivian makes excellent electric trucks and SUVs , but its not great at actually making money on them yet the company loses tens of thousands of dollars on every EV it gets out the door. To rectify those financial woes, Rivian is now offering thousands of dollars off its R1S and R1T in hopes of boosting sales. Read more.
DCG said hybrid and electric vehicles are undeniably a growth driver and with dealers becoming more receptive to selling these models, we can expect the combined segment to continue to steadily gain market share for the foreseeable future.
The idea of a high-powered hybrid-electric personal luxury grand touring coupe is strangely appealing to my sensibilities. The Polestar 1 served as both the capstone and the launching point for Volvos electric Polestar brand spinoff, and it was the absolute pinnacle of what the brand was capable of at the time. With Read more.
Financing is an option, but be sure to factor in ongoing maintenance and depreciation when deciding. Campground fees: From luxurious RV resorts with full hookups (including water, electricity, and sewer connections) to rustic public lands, nightly rates range from $20 to $100/night.
Mercedes-Benz has spent a lot of time and billions of dollars bringing its five electric vehicle offerings stateside. Unfortunately, no one really seems to care, and because of that, theyre all flopping hard. In 2024, the EQB crossover saw a 36 percent sales drop, the EQE saw a 39 percent drop and the flagship EQS Read more.
Dodge has a lot riding on the success of the next-gen Charger, specifically the Charger Daytona EV. Aside from p **g off “The Brotherhood” by abandoning the Hemi V8, Dodge needs to nail the Charger to get its EV transition underway. Unfortunately for Dodge, a few problems have crept up during last minute testing,… Read more.
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