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Senate approves tax break for auto loan interest
Wed, 04 Feb 2009The U.S. Senate voted on Monday to make loan interest and sales taxes on vehicle purchases deductible from federal income taxes. The proposal, championed by the National Automobile Dealers Association, was added to an economic stimulus bill under debate in the Senate.
2014 Mitsubishi i-MiEV receives $6,130 price cut
Wed, 04 Dec 2013If you thought that pure-electric cars were still too expensive to make sensible alternatives to gas or diesel cars, Mitsubishi is about to deal another blow to that notion. The electric powered i-MiEV is coming back to the U.S. for the 2014 model year, and Mitsubishi has slashed $6,135 dollars off the price.
EVs are Dead, Long Live Tesla says Morgan Stanley analyst
Fri, 30 May 2014The Tesla Model S is the only successful electric car The experiment of getting the car buying public to believe an electric car is a sensible alternative to an ICE car isn’t an unmitigated failure – but it’s close. And now Investment Bank Morgan Stanley has come out and stated the obvious: Apart from the success of Tesla, electric cars are a failure, falling far short of sales predictions and likely to see no real growth in the coming years. Morgan Stanley declare that we will still all be driving ICE cars for the foreseeable future, and despite predictions that as many as one in ten cars will be BEVs by 2020 the reality is likely to be less than one in a hundred.