Many carmakers have plans to go all-in on electric vehicles within the next decade. Legacy carmakers have begun to focus their attention on EVs, a subset of the auto industry that could become the future of the sector. Despite the challenges in place to increase EV adoption, car companies and analysts alike are convinced it will happen soon.
General Motors has stated plans to be fully electric by 2035, with Cadillac going all-electric by 2030. Volvo plans to be fully electric by 2030 and Toyota is planning to transfer Europe, China and North America to be all electric as well.
Jim Farley, the CEO of Ford, experienced the shortcomings of the electric vehicle charging network on a recent road trip in an F-150 Lightning. He’s feeling pretty good about the company’s choice to adopt Tesla’s charging technology.
With everyone budgets getting tighter, what is the best way to pay off your car loan quicker. Provided your lender doesn’t charge a prepayment penalty, paying off your car loan faster is a great way to save money. It means less interest paid and when you finish, you should have a few extra hundred dollars in your budget each month. There are a few tactics you can use to pay your loan off faster.
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00:00 Is Ford's CEO Against Electric Vehicles? Revealing the Truth
00:38 Pay off your car loan
04:04 Ford - electric trucks
06:02 Electric military vehicles
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