Electric vehicles are gaining ground in the market, with new plugin vehicle registrations growing by 45% yearly in 2023 and making up 18% of all vehicle sales worldwide. U.S. EV sales have reached 7.9% of new car sales in the past three months. The shift towards EVs is rapidly approaching the point where they will replace traditional combustion vehicles. If you’re wondering if you can afford one, Peter Glenn, CEO of EV Life, is working to make that answer a resounding “Yes.” EV Life helps pre-qualify EV shoppers for loans, utilizing available rebates and federal tax credits to lower monthly payments.
Over the past five decades, financialization has brought both advantages and pitfalls to consumers. Peter emphasizes the potential positive impact of connecting car owners to savings, reducing charging costs, and other perks through tracking vehicle use. This new era of co-ownership involves committing to sending used EV batteries for recycling, earning compensation for the recovered materials. Learn more at EVLife.co.
Editor’s Note: This episode originally aired on December 1, 2023.
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