Lucid Air becomes invisible, credit scores drive up EV buyers, and the consequences of tax caps: Car News Today
Lucid Air launches Stealth, despite production delays. Electric vehicle shoppers have higher credit scores and lower loan risk, according to an extensive study by TransUnion. British start-up Arrival is dying, and proposed legislation in the US to encourage more affordable electric cars has sparked controversy. This and more, here Green Car Report.
It didn’t take long for Lucid to start the worldwide popular dark decor trend automatically. For $6,000, one New Stealth Look decoration Accentuate the Platinum look with 35 different dark trims and new wheel designs on all but the base Air Pure model. Orders can be placed this week, but it is best not until early next year for deliveries to take place.
A high credit rating can lead to much better loan terms and much less down payment over the life of the car loan. One in-depth research on TransUnion found that electric vehicle buyers have higher credit ratings than ICE car buyers and are less likely to be in debt, even if they pay more upfront.
One Proposed limit on new federal EV tax credit extended could pressure automakers to make electric cars more affordable, or it could force them to charge more until the cap runs out. The legislation will add a $55,000 price cap for electric cars and $80,000 for electric pickups and SUVs.
British e-car startup Arrival could shut down before it actually lands. Recent business reorganization plans to produce an inexpensive EV to use Uber, and the development of electric buses is also in the pipeline. However, Arrival’s electric van still has wings.
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