Earth911 Podcast: Peter Glenn on Financing Your EV Life

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 automobile gross sales over the previous three months. In Silicon Valley-speak, EVs are practically throughout the chasm, the purpose at which a brand new product class is poised to displace older products rapidly. You’re most likely asking, “Can I afford one?” Our visitor, Peter Glenn, CEO of EV Life, is working to make the reply to your query an reasonably priced “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 combined outcomes for customers. As Peter explains, these instruments could possibly be turned to optimistic use by connecting automobile homeowners to financial savings, diminished charging prices, and different advantages primarily based on the power to trace automobile use, the EV’s capability 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 automobile however have dedicated to sending the used battery to a processor who pays us as we speak or over time for the lithium they are going to recuperate when the automobile reaches the tip of its helpful life. You can be taught extra at https://EVLife.co