With electric and plug-in hybrid vehicles getting their prices slashed this year, it’s no surprise that residual values are also being cut.
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The folks at Daimler’s smart division revealed a new concept car at the Frankfurt Motor Show. Supposedly their forjoy design study is a forerunner to a next-generation car.
August new-vehicle sales in the U.S. were up an impressive 17 percent compared to the same month last year, with almost every automaker posting solid gains. But perhaps a bigger surprise has to do with how well plug-in and electric vehicles performed on the market.
Home to Hollywood, Silicon Valley and an ever-present green movement California is America’s natural habitat for electric vehicles. Residents of the Golden State buy them in far greater numbers than any other people in the U.S.
The 2013 Frankfurt Motor Show is just days away and more automakers are teasing what they’re going to be revealing at the event. Getting in on the action, smart released photos of and information about an electric concept they’ll be unveiling in Germany next week.
A horde of electric vehicles descended on Norway’s capital of Oslo to set a new world record. The Scandinavian city’s streets played host to some 260 EVs, half of which were Nissan Leafs and all of which helped break the previous record.
The U.S. Department of Energy has released a graph showing that electric vehicles are outselling hybrids over the same period of time since their introduction to the market.
E for Electricity
As fuel prices continue to test the limits of infinity, small cars are becoming more appealing to more new car shoppers; this downward spiral is evident. Many people that used to drive full-size SUVs a decade ago have opted for more efficient crossovers. Large-sedan buyers have traded in their tugboats for midsize models and compact-car owners are thinking even smaller, or outside the box all together. Schwinn is a great way to save money, both on gas and gym memberships.
Along with diesels and hybrids, pure-electric vehicles are a great way to avoid getting “pump palpitations” brought on by astronomical fuel prices. Naturally, EVs are the best remedy for this ailment because they use no fuel at all, unless you count all the coal burned at the cross-town powerplant.
But for all of their potential savings electrics tend to be pretty dreary, not to mention expensive. Adding a big dash of excitement to this perpetually overcast vehicle segment is the Fiat 500e, an amped-up A-Segment car with design flair only an Italian could deliver.
The debate on taxing hybrid owners to help recover lost gas taxes has hit the state of Michigan, home of the U.S. auto industry.
To Frugality and Beyond!
Fuel economy is a major purchase consideration for new-vehicle shoppers; in fact it’s the No. 1 thing they look for in a car or truck. Consumers continue to demand ever greater mileage, and so does the federal government. Washington keeps turning up the wick on its Corporate Average Fuel Economy (CAFE) regulations. In response to these stimuli automakers are working day and night to improve the efficiency of their products.