article thumbnail

Why some won’t buy an EV

Auto Service World

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.

Finance 262
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
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

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.

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 Plug-in hybrid electric vehicles (PHEVs) accounted for the remaining 26.2 per cent (48,489 units) of the total ZEV registrations. per cent (17,244 units, a year-over-year increase of 43 per cent). .

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. Conduct a market analysis to understand industry trends, target demographics, and the competitive landscape.