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Hertz Is Off-Loading An Extra 10,000 EVs Due To Massive Depreciation

Carscoops

Other car manufacturers also announced price cuts for their EVs, further contributing to the accelerated depreciation. “Fleet and direct operating costs weighed on this quarter’s performance,” Hertz chief executive Gil West said.

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Car makers losing $6000 on every electric car they sell – report

Drive.com

US report finds that added costs of making electric vehicles are making it hard for manufacturers to turn a profit. Car manufacturers are losing $6000 on every electric car they sell, according to a new report from the United States. The Tesla Model 3 runs a close second.

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Navigating Zero Down Car Leases

Your Car Buying Advocate

Key Terms to Understand for Zero Down Car Leases Two critical terms associated with leasing are: Capitalized Cost: This refers to the negotiated price of the leased vehicle. Reduced Repair Costs: Lease agreements often coincide with manufacturer warranties, mitigating the need for extensive repair expenses.

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The biggest challenges facing automotive retail in 2024 (and how to tackle them)

Autocar

The shift to electrification, the rise of a wealth of new challenger brands – especially the new industry giants from China entering the European and UK markets – the introduction of more complex connected vehicles and transformative legislation will pose big challenges for manufacturers and dealers alike.

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Trudeau Won’t Say If Canada Will Hit Chinese EVs With Tariffs Like U.S.

Carscoops

.” Ontario’s new lithium-ion separator plant will cost approximately $1.6 billion and produce 700 square meters of a coated membrane used in lithium battery manufacturing each year. billion, which will be allocated to capital costs and land servicing costs for future facilities.