Posts Tagged ‘electric car’

Detroit Electric: Exported to… Europe?

November 3rd, 2015


Detroit Electric.

If you don’t know anything else about the company, you might think it could be a local utility that provides electricity to Detroit homes. It could also be an electrical repair company that serves residential and commercial needs in the Detroit area…or it could even be a Detroit startup electric automaker.

With a name like that we certainly assume we know at least one thing about the company: That it does its bidding in the great city of Detroit.

Except in this case, it doesn’t. Believe it or not, electric carmaker Detroit Electric doesn’t even do business in the United States of America.

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Car Minded, Electric Vehicles, Exotic Cars, Foreign Cars, General Chat, New Cars , , , ,

Electric Cars Take Another Financial Hit

January 6th, 2014

2014 Chevy Spark

As time passes, I’m finding fewer reasons to buy an electric car.

While EVs are slowly gaining popularity, a nationwide charging infrastructure is barely in its infancy. That’s strike one against electrics. Even so, electric cars are proving themselves as commuters while saving owners a bundle on gas costs. Things should be looking up for this new chapter in automotive history.

There’s a problem, though. For the first owners of a new electric car, the finances just don’t add up. And it’s getting worse.

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Car Industry News, Car Minded, Car Shopping, Electric Vehicles, General Chat , , , , , ,

Tesla Goes Its Own Way, Debuts New Lease Program

April 3rd, 2013

Tesla Model S

Tesla hasn’t done much that’s conventional in the car business. Just being successful as an independent U.S. automaker is unconventional enough, but the feisty maker of sexy electric cars has shunned the traditional dealer network and, now, debuted a whole new way to finance a Model S.

Well, mostly new. It’s essentially a lease. And a purchase, but with all kinds of asterisks and “true cost of ownership” numbers involved. But is the new financing program truly revolutionary, as Tesla CEO Elon Musk has suggested?

Well, yeah, the idea actually is. Don’t expect to drive a new Tesla for dirt cheap (not even close), but Tesla’s new financing plan should pique the interest of more than a few potential buyers.

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Car Industry News, Car Minded, Domestic Cars, Electric Vehicles, General Chat , , , , ,