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Economy

California Aims to Slash Sales Tax on EVs

By on Mar 2, 2015 in Economy, Electric Vehicles, Environment |

Environmentally conscious California is considering a bill that would dramatically cut the sales tax on new green cars. According to Green Car Reports, the proposed law calls for reducing the sales tax on battery-electric cars, plug-in hybrids, and hydrogen fuel-cell vehicles to 3.06 percent, compared to the current 7.5 percent. If passed, the sales tax reduction...

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Car Loan Balances Hit Record $866B

By on Feb 26, 2015 in Economy |

Americans love their cars, and they love their credit too. According to Experian Automotive, a data research firm, America’s auto loan balance for new and used vehicles hit a record $866 billion. This bodes well for the economy, as a boom in new and used car sales suggests consumers are now finally starting to release the pent-up demand that was built during the...

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Most Popular New Car for Each State

By on Feb 24, 2015 in Economy |

Ever wonder what’s the most popular car in your home state? Well, the folks at IHS Automotive, a market research firm, wondered the exact same thing. Through empirical research, it found the most popular new vehicles registered in each state by individual retail customers for the year 2014. The infographic shows the Ford F-Series, Chevy Silverado and Ram pickups...

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Oil Continues its Roller Coaster Ride

By on Feb 21, 2015 in Economy |

The price of oil has enjoyed a nice rebound as of late, but this week, oil prices fell again as inventories grew higher than what forecasters predicted. The drop in oil, which dipped 3.8% this week, comes on the heels of a U.S. government report which showed American stockpiles hitting 425.6 million barrels last week. That’s a 7.7 million barrel increase from the...

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Top 7 reasons I like my Electric Car – Reason 1 – EV’s cost less to run

By on Jan 7, 2015 in Economy, Electric Vehicles |

By: Richard Sachen, CEO, Sunspeed Enterprises A person driving a Nissan Leaf will spend an EPA estimated $600 per year on electricity to power it. A person driving a gas-burning car with 37 mpg will spend an EPA estimated $1,400 per year on gas to drive it. The gas-burning car will cost more than twice as much. If you compare against an average car getting 26mpg...

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$3-per-gallon Gas Prices Around the Corner?

By on Sep 14, 2014 in Economy, Electric Vehicles |

According to a new article by Forbes, the U.S. Energy Information Administration (EIA) said this week that gas prices, which fell to an average of $3.49 per gallon in August (12 cents lower than the July average and 21 cents under June’s average), are poised to continue their downward trend and will hit an average of $3.18 per gallon by December, the lowest monthly...

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