Best Earth911 Podcast: Peter Glenn on Financing Your EV Life

Best Earth911 Podcast: Peter Glenn on Financing Your EV Life

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Electric vehicles are taking market share away from inside combustion opponents, with new plugin automobile registrations in 2023 rising 45% yearly and accounting for 18% of all vehicle sales worldwide this yr. U.S. EV sales hit 7.9% of all new automotive gross sales over the previous three months. In Silicon Valley-speak, EVs are almost throughout the chasm, the purpose at which a brand new product class is poised to displace older products rapidly. You’re in all probability asking, “Can I afford one?” Our visitor, Peter Glenn, CEO of EV Life, is working to make the reply to your query an inexpensive “Yes.” EV Life pre-qualifies EV consumers for a mortgage, making use of obtainable rebates and the federal tax credit score that consumers usually have to attend to say on their federal or state taxes to decrease their month-to-month EV funds.

Peter Glenn, Co-CEO of the auto financing firm EV Life, is our visitor on Sustainability In Your Ear.

The financialization of life over the previous 50 years has delivered blended outcomes for customers. As Peter explains, these instruments may very well be turned to optimistic use by connecting automotive homeowners to financial savings, lowered charging prices, and different advantages based mostly on the power to trace automobile use, the EV’s means to ship energy to the grid when parked, or probably by passing the worth of carbon emissions averted to the automobile proprietor. That requires a extra linked life-style, which represents a brand new co-ownership state of affairs — we might personal the automotive however have dedicated to sending the used battery to a processor who can pay us right this moment or over time for the lithium they’ll get well when the automobile reaches the tip of its helpful life. You can study extra at

Editor’s Note: This episode initially aired on December 1, 2023.