“Instead of embracing the shift, uncertainty over regulation and a lack of clarity on incentives available for EVs in many European markets is putting off potential buyers. Concerns about the lifecycle of the batteries in these vehicles is another source of concern among consumers.” Increased Hybr...
As of March 5, 2024, Cox Automotive reported that 14.2% of new vehicle financing transactions had an APR of 3% or less. Only 3.2% of transactions had a 0% APR. While low-rate offers are available, they aren’t plentiful. Loyalty incentives may be available if you have a certain car ...
In Europe, the current EV subsidy regimes follow a more scattergun approach. Recentfiguresfrom Italy showed that 80% of the incentives they distributed to encourage EV purchase were used to buy non-Italian manufactured cars. The Italian government says they will shortly announce policy measures to ...
Incentives offered by the French government fuelled demand in PSA's domestic market, France. However, the French market crumbled in Autumn 2020 and Germany remained as Europe's leading passenger car market. In May 2021, German manufacturers – Volkswagen and peer automakers Daimler and BMW – ...
A change in German incentives for business buyers skewed electric car numbers in August and September 2023. A similar but unexpected ending to incentives to private buyers in December 2023 seems to still spook the German car-buying public. ...
The best deals right now may be on electric vehicles, with an influx of models and slower pace of adoption among drivers. The number of incentives on EVs is higher than the industry average and consumers can save up to 9% on the vehicle's price, according to Cox Automotive data. ...
increasing efficiency even further. They typically have a start-stop system that turns off the petrol engine when the car is idle, conserving fuel. Hybrids are eligible for numerous incentives and tax cuts in several countries, potentially saving buyers money. Hybridcarsoffer an appealing combination...
Furthermore, supportive government policies and incentives for EVs are also encouraging car-sharing companies to expand their EV fleets in the region, thereby favoring the market growth. The integration of car-sharing with existing public transport systems provides a seamless, sustainable transportation ...
August 20, 2024 at 20:22 REPORT China Boosts Exports By 31% In First Half With 2.79 Million Vehicles Japan finished second behind China, with 2.02 million vehicles worldwide August 6, 2024 at 12:28 REPORT China Gives EV Automakers Grants, Incentives, Cheap Loans And Batteries, EU Report Fin...
In France, incentives have changed, with imported models no longer eligible for subsidies. This means popular BEVs, such as the Tesla Model 3, Dacia Spring and MG4 do not qualify for purchase grants. Buyers interested in these models may, therefore, look to the used-car sector...