For many consumers, electric vehicle ownership has been a nonstarter for purely financial reasons. The math indicated that the money one saved in gas from an EV was usually outweighed by the car’s high initial price. But the math has been changing.
Tesla Motors has done right by U.S. taxpayers.
The fast-growing electric car company has repaid the entire $465 million loan it received from the U.S. Department of Energy, in a vindication for company co-founder Elon Musk, …
The national average for a gallon of regular is almost exactly the same as it was for Memorial Day 2012. And yet, for the past two years, the periods leading up to Memorial Day couldn’t be more different.
There’s just no stopping the sharing. Despite recent legal challenges to certain “peer to peer” car-sharing services, the range of sharing options keeps on expanding, making it easier and easier for consumers to skip taxis, traditional car rentals — and car ownership in general.
For the two weeks around Memorial Day, there’s more reason than normal to buckle up: Police around the country are stepping up enforcement of seat belt laws and plan on giving out double the usual number of tickets.
The electric car company Tesla has always been an easy target. There’s the CEO, messianic Silicon Valley entrepreneur Elon Musk, who sometimes actually seems to be convinced that he’s the real-life Tony Stark. There’s the sheer chutzpah of a startup company from outside the auto industry trying to successfully build and market a new car …
If there’s one thing Americans would seem to hate more than regulations, it’s regulations that directly result in them spending more money out of pocket. So why are so many consumers fans of new government-mandated automobile …
The 2014 Nissan Versa starts at a sticker price of $12,780, giving it the title of cheapest new car in the U.S. for three straight years. The automaker boasts the lowest-price electric car in the U.S. as well, after dropping the base price of a Nissan Leaf by $6,400 earlier this year. Look for plummeting MSRPs on seven other Nissan …
Wealthy Americans don’t really think that good times are here again for the economy. But they’re going on shopping sprees anyway, with increasing sales seen for luxury hotel stays, high-end automobiles, and more.
What can drivers expect going forward in terms of gas prices? Probably more of the same—meaning more unpredictability, not necessarily more price drops.
So much for scaling back. The world’s rich and elite — or those who just want to appear so — have been cracking open their wallets in a big way lately, and luxury automakers are the beneficiaries.
It’s a battle for bragging rights, with two automakers saying they each had the world’s best-selling car model last year. Can they both be right?