Author: News Room

Fleetdrive Management Ltd, trading under the name ‘DriveElectric’, offers vehicles for lease through regulated financial agreements. As a credit broker authorized and regulated by the Financial Conduct Authority, they work with a limited number of lenders to provide financing options for customers. Commission or benefits may be received from finance…

Fleetdrive Management Ltd offers vehicle leasing through their ‘DriveElectric’ trading style, which is authorized and regulated by the Financial Conduct Authority. They act as a Credit Broker, not a Lender, for regulated leasing business, introducing customers to a limited number of lenders. Commission or other benefits may be received from…

The Southeast is experiencing a surge in job creation thanks to the establishment of new factories producing electric vehicles (EVs) and their batteries. However, utilities in the region are struggling to meet the increased power demands of these factories, opting for natural gas power plants over renewable energy sources. Despite…

Tesla recently announced price cuts on several of its models for the U.S. market, part of a global trend of price reductions. The base price of the Model Y rear-wheel drive has dropped by $2,000 to $44,630, while the Model Y Long Range AWD now costs $49,630. Both models are…

The US food distribution firm Performance Food Group is transitioning its diesel fleet to electric trucks equipped with solar-enabled electric refrigeration trailers. This move is significant in decarbonizing the refrigerated truck industry, which heavily relies on diesel fuel to power refrigeration systems. These systems are crucial for ensuring that temperature-sensitive…

Kenya Power and Lighting Company Plc (Kenya Power) is the main electric utility company in Kenya, serving over 9.5 million customers and enabling access to the national grid for 76% of the population. The company is now focusing on promoting electric mobility in the country and has announced a significant…

The Screw-Bike is an innovative electric bike created by YouTuber and mechanical engineer James Bruton. This unique e-bike features self-balancing capabilities and uses 4 in-line Mecanum wheels made from 3D-printed parts and plywood. While the complexity of the Screw-Bike makes it unlikely to be commercially available, it showcases impressive engineering…

Fisker, Inc., the manufacturer of the Ocean all-electric crossover, is dealing with financial difficulties, with less than $100 million remaining to survive until the end of the year. Production of the Ocean EV has been put on hold, employees are being laid off, and inventory vehicles are being heavily discounted…

Electric car prices have dropped significantly, making it easier for individuals to purchase a used electric vehicle. The implementation of the Inflation Reduction Act (IRA) used EV tax credit has further reduced the cost of buying an electric car. With a budget of $15,000, there are several options available for…

Toyota has significantly reduced its leasing prices on the bZ4X electric crossover, making it a more appealing option for potential buyers. The lease deals vary depending on the location, with some regions offering much more affordable rates than others. For example, buyers in the San Francisco Bay Area can lease…