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

Carscoops

. “Fleet and direct operating costs weighed on this quarter’s performance,” Hertz chief executive Gil West said. “We’re tackling both issues—getting to the right supply of vehicles at an acceptable capital cost while at the same time driving productivity up and operating costs down.”

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

Drive.com

According to Inside EVs , historically the average level of profitability from mass-market internal combustion-engined vehicles (ICE) is around 10 per cent, but add in other costs such as an EV’s battery, the e-powertrain and additional electronics and upgrading factories and quickly that number starts to fall into the red.

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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. Yes, you can negotiate various aspects of a lease, including the capitalized cost, lease term, and mileage limits.

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How a $1.05 Billion Loan Could Supercharge EVgo’s Charging Network

Automotive Addicts

A Major Boost for EVgo This conditional loan guarantee is a lifeline for EVgo, a company that’s currently facing challenges related to high capital costs. This landmark deal promises to catalyze the build-out of 7,500 high-powered charging stalls across 1,100 stations nationwide, with a special focus on marginalized urban communities.

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‘Anything related to the journey’: Car expenses you didn’t know were tax deductible

Drive.com

.” Claiming the installation cost of a home charger is also possible, but you have to use a different approach to the one you use to claim your electricity costs as a charger is regarded as a “depreciating asset” “[A] home charger is a capital cost – it is claimable to the extent that you claim work-related travel.

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Protect your valuable inventory

Canadian Auto Dealer

One pricing option will allow for zero upfront capital costs with a 40% sell through requirement.” The pricing model will also be very attractive to dealers, said Psotka. This is a significant competitive advantage over much of the competition, he said.

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

Autocar

Questions remain over who will bear certain brand costs, such as the cost of demo vehicles, training and gross margins. Equally, the significant capital cost of the agency model could discourage manufacturers, and make them think again.

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