Tag Archives: electric car

Nissan Leaf Follows Volt’s Lead, Drops Price

In what is perhaps the most “No, Duh” moment of the year, Nissan has realized that they can sell more Nissan Leafs if they lower the price.

Sales for the Chevy Volt, one of the Nissan Leaf’s biggest competitors, were disappointingly slow this year until Chevy offered some major discounts totaling about $10,000, a substantial price cut. Since these discounts were introduced this year, the Volt has outsold every other electric car on the market, including the Leaf.

As 2012 is reaching an end, Nissan probably wants to boost sales across the board but particularly for the Leaf. They expected to sell 40,000 Leafs this year, and right now, they are not on track to meet that goal. The question isn’t quality. The Leaf has received solid reviews, and not paying out the nose at the pump is tempting to many drivers. The Nissan Leaf’s problem has always been its price tag. America’s economy might be in recovery, but its base price of $35,200 is still steep.

As of this publication, Nissan has not stated specifically what incentives or discounts will be offered, but we will keep you up to date when those discounts when that information is available. In the meantime, Approved Loan Store is ready to get you into an affordable new or used car today, whether you have good credit, bad credit, or no credit. Get started today by filling out our secure online auto loan application here, and get the latest news and auto buying tips by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

Japanese High School Students Break Record for World’s Shortest Car

Most car enthusiasts want to have the newest, fastest, and slickest car on the road, but a school in Japan took on a different challenge when building their record-breaking electric car.

Meet Mirai, the world’s shortest car. This electric car was designed and built by a group of Japanese students and teachers from the Okayama Sanyo High School in Asakuchi. Their car, which has been officially accepted by the Guinness Book of World Records, is road legal, though the drivers who have taken Mirai for a spin typically are not comfortable with taking it out on the road.

The car’s design is pretty amazing, but what makes it more amazing was that the students insisted that it should be electric because they wanted to be environmentally conscious. Considering how the major car manufacturers have had such a tough time getting electric cars to catch on, perhaps they should consider encourage these kids to continue pursing automotives and come work on electric cars when they finish school.

At Approved Loan Store, we certainly don’t have the world’s shortest car, but we do have the right car for your needs! Good credit, bad credit, no credit, we will work with you to get affordable terms! Fill out our secure online auto loan application here, and get the latest auto news by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

Slackers Park in the Kitchen: Why Forbes’ Review of the Toyota Coms Misses the Point

Car companies have tried to appeal to young drivers with navigational systems, sound systems that sync with the driver’s iPod, and hands-free calling and texting. Toyota is trying a new tactic, though, by making their cars smaller than ever.

How small are these new Toyotas? Imagine parking in your kitchen.

Toyota’s new single-seater Coms are limited as far as space and weight. They can only fit a driver and 2 bags under a combined weight of 308 pounds, and the car’s top speed is 37.5 miles per hour. Still, this car could revive young drivers’ interest in car ownership.

In their review of the Coms, Forbes was more skeptical of the car’s appeal saying it “looks like it fell off a carnival ride.” Writer Michael Kanellos also makes a baffling observation that these cars are meant to “capitalize on the diminished expectations of global slackerdom.” This is such a cop-out answer to an industry-wide problem. Instead of blaming young people for not buying traditional cars and labeling them as slackers, maybe Kanellos should understand why cars like the Coms are so appealing to young drivers.

First off, more people are living in cities, and big cities can be costly for car owners. They have to pay for a parking space or a permit, and if they don’t get a designated spot, they have to spend lots of time searching for a spot. Also, many young people are still paying off student loans and working entry-level jobs, and they can’t justify the cost of a car plus insurance and parking fees. At this point, young people living in big cities would rather take public transit and rent a car only when they have to.

Imagine for a moment, though, how the industry would change with more cars like the Coms. The price ranges from $8,922 to $10,000, and they wouldn’t have to worry about paying $100 a month to park their car. Instead, they could drive it right into their apartment. It wouldn’t be able to handle a trip out of town, but they could take it down to the grocery store or out shopping. Young drivers would love it and would probably buy it. Kanellos thinks that driving is about feeling the “breeze blow back your hair,” and he believes that new drivers are a product of “global slackerdom.” I think these new drivers are money conscious and are waiting for a car to meet their needs, and the Coms could do just that.

The Coms are not for sale in the United States yet, but if they are successful in Japan, I could see them popping up in New York very soon. If you are looking for a car or your current car isn’t fitting your needs, Approved Loan Store can help! We want to help you get into the car you want at terms you can afford. Fill out our secure online auto loan application here, and get the latest news and buying tips by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

Chevy Offers $10,000 in Discounts on Volt

If you’ve been thinking about picking up the Chevy Volt but were hesitant because of the price, right now might be the perfect time to buy.

The Chevy Volt has had a tough time in sales since its release, even with drivers who are environmentally conscious or loved the idea of paying only $1.50 to charge its battery. It was a great car, but the timing of its launch was completely wrong. People were looking to cut costs in the short term, and paying $41,000 for a compact car did not make sense, no matter if they saved money in the long run.

Now, Chevy is trying to move the Volt off its lots without too much of a loss. There has been a $7,500 federal tax credit attached to the Volt to encourage drivers to make the change to a hybrid, but Chevy has added on more incentives throughout 2012, adding up to a $10,000 discount. Since the discounts were put in place, Volt sales have seen a dramatic change. Chevy has already sold over 13,000 Volts this year compared to 7,700 last year. The Volt is beating out every other electric car on the market including the Prius Plug-in and the Nissan Leaf.

Chevy is not the only dealership moving last year’s models off the lot. At this time of the year, dealerships across the country are offering deep discounts on a wide range of makes and models. For the best deals, now is the time to buy that new or used car, and Approved Loan Store is ready to help you every step of the way. Good credit, bad credit, no credit, we want to help you get in the car you want at terms you can afford!

To get started today, fill out our secure online auto loan application here, and be sure to like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube for the latest auto news and buying tips!

The Paris Motor Show: What’s New and Shiny from BMW

The Paris Motor Show is coming up in a little over a week, and all the major car manufacturers are giving auto enthusiasts an early sneak peek at what they can expect to see from the show. Up until the show next week, we are going to bring you the latest news and announcements coming out of the Paris Motor Show.

BMW’s line-up for the Paris Motor Show is squarely focused on the future of the industry, specifically electric car and hybrid technology. Their headliner is the BMW Concept Active Tourer which consumes less than 2.5 liters of fuel for every 100 kilometers, or 0.66 gallon per 62 miles. They will also be showing off the BMW i3 Concept which is entirely electric drive and built with environmental sustainability in mind. Materials used in the car’s interior were chosen carefully including the eucalyptus wood for the instrument panel and the olive leaf treatment used on the leather seats.

BMW will be showing off more than just concept cars, though. The new BMW 1 Series, 3 Series, and 7 Series will all be premiering at the Paris Motor Show, and BMW’s new ConnectedDrive feature will also be on display. ConnectedDrive is a built-in three-dimensional navigational system and dictation service which allows drivers to write e-mails and text messages without their eyes ever leaving the road. The system is available for all BMW models.

While I’m sure the concept cars will be an interesting peek at what lies ahead, I am more interested in seeing how ConnectedDrive stacks up against other voice recognition/navigational systems. Does the voice recognition actually work, or will the first model have problems? I hope that BMW has not cut corners with the technology like other manufacturers have done in the past few years. We have covered the dangers of distracted driving, and if ConnectedDrive works the way it is intended, it could keep more drivers’ eyes off their phones and on the road.

To see more of the upcoming show, stay tuned to the Approved Loan Store and check out the event’s official site here. Also, get the latest auto news by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

GM Announces Major Breakthrough in Electric Car Batteries

This might be only the second full week of August, but already it is the month of hybrid and electric cars. Earlier this week, we told you about new technology out of Middle Tennessee State University that will transform normal vehicles into fuel-efficient hybrid cars.  Yesterday, GM continued the trend by making a major announcement about the future of electric cars.

GM CEO Dan Akerson announced at an employee meeting Thursday that there has been a breakthrough in the lithium-ion batteries used in electric cars. Right now, the Chevrolet Volt can go for about 35 miles per electric charge with a gas motor that kicks in if the battery power runs out. Akerson announced that the new batteries would be able to travel 100 miles per charge, nearly three times its current power, and he teased that the batteries would soon be able to travel up to 200 miles per charge. He called the increased battery power a “game changer” in the industry.

Even with this great news, though, GM is still being cautious and keeping their business in mind while exploring hybrids and electric cars. If it turns out that they can’t make 200-mile batteries, they are also working on hydrogen fuel cell vehicles and natural gas vehicles. Akerson compared focusing solely on electric cars to putting “all of our chips on one bet” and assured GM employees and the public that GM would explore all of their options.

If GM came out with electric cars that could go 200 miles on one charge, would you take one for a test drive? Leave a comment below, and tell us what you think!

GM’s new high-powered electric cars are still a ways off, but Approved Loan Store wants to help you get into a new or used car today. Good credit, bad credit, no credit, we want to help you! Fill out our secure online auto loan application here, and keep up with the latest auto news by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

Tennessee Student Invention Changing the Future of Hybrid Cars

New green technology is becoming more of a necessity as every year goes by, and though hybrid cars are starting to become more popular, Americans have been slow to adapt to this new technology. A new invention out of the Middle Tennessee State University, though, promises hybrid car technology without having to buy a new car.

For five years, Dr. Charles Perry has been working with MTSU students to create an electric propulsion system that doubles a car’s fuel economy and can be installed for a reasonable price. He showed off a prototype of the system in a YouTube video which was posted to the MTSU YouTube channel a little less than two weeks ago. Already, they have four pending patents, and MTSU is exploring their options in commercializing this new technology.

Up until now, Americans as a whole have wanted better fuel economy, but at the same time, they have been wary of electric and hybrid cars. Maybe it was the price or technical bugs. Maybe they believed that buying a hybrid car would limit their options, or maybe they just hated the notion of trading in their powerful truck for an itty-bitty hybrid. Up until now, the idea has been to make whole new cars and make them appealing to the public, but with this new system from MTSU, drivers can have their car cake and eat it too. They can keep the car they love and upgrade its fuel economy for as little as $3,000.

It will probably be awhile yet until these systems are available for purchase, but if you are looking for a more fuel efficient vehicle now, Approved Loan Store wants to help! Fill out our secure online auto loan application here, and keep up with the latest auto news by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

HIRIKO Cars and the Future of City Driving

Earlier this week, we told you about a survey rating the worst cities in America when it came to time wasted in traffic. New York City came in second place, beating out Los Angeles, San Francisco, and Washington, D.C. As bad as traffic is, though, parking in New York City might possibly be worse. Finding a parking spot can be a frustrating experience, and drivers wish their cars could fold in half and squeeze into those small spaces.

As it so happens, the HIRIKO Project wants to make the dream of a fold-able car into a reality. The HIRIKO is a fully electric car built for city driving. Based on MIT’s citycar concept, the vehicle comfortably seats 2 people. When the driver is ready to park, the front egg-like section slides back, and the car becomes half of its normal length and smaller than the tiny Smart Cars currently on the market now.

For anyone who has ever driven in a big city like New York, this is a game-changer. HIRIKO might not be practical for families or people who need trunk space, but it is perfect for a couple going out for a night on the town or someone who has to do a lot of city driving on a daily basis. Besides that, I get such a kick out of watching them fold up. It is like watching a sci-fi movie coming to life. I almost expect to see characters from Tron climbing out of the car with the black jumpsuits and neon stripes.

Check out the HIRIKO in action below.

The HIRIKO won’t be on the market for awhile yet, but Approved Loan Store can help you find the right car for your needs. City driving, country driving, couple, single, family, we can find the right car for you! Fill out our secure online auto loan application here, and we will set up an appointment with a Special Finance Representative. Also, keep up with the latest from Approved Loan Store by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube.

New Battery Could Change Future of Electric Cars

Electric cars have yet to catch on with American car buyers, but a new battery coming out of Massachusetts could make electric cars better and cheaper.

The Nanophosphate EXT is a lithium ion battery that can handle a wide range of extreme temperatures. Most electric car batteries cannot handle these temperatures, so electric cars have to be equipped with heating or cooling systems. According to a press release from the battery’s producers A123 Systems, these batteries can “significantly reduce or eliminate the need for heating or cooling systems, which is expected to create sizable new opportunities within the transportation and telecommunications markets, among others.”

Additionally, the new battery lasts much longer than other batteries currently on the market. This chart shows how the A123 Nanophosphate EXT compares to competing batteries. After 1700 cycles at 45° C, all three competing brands have dropped to below 75 percent discharging capacity while the A123 Nanophosphate EXT hovers around 93 percent capacity.

With longer lasting batteries that can take the heat and cold, electric cars can be more affordable and more powerful with lower maintenance costs. Consumers that have written off the electric car could be convinced to give it a second look. At any rate, it is a huge leap forward in electric car technology and very promising for the future of automotive.

Low-cost electric cars are still a ways off, but Approved Loan Store can help you get into an affordable car today! Fill out our secure online auto loan application here, and keep up with the latest auto news by liking Approved Loan Store on Facebook and following Approved Loan Store on Twitter.