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Best Electric Cars for 2020

Electric vehicles are available in all forms, from compact cars to SUVs and beyond. You will find that electric cars include many of the features that you have come to expect from more traditional fuel-fed cars, such as seating for up to seven passengers, all-wheel drive and more.

We have brought you a list of the best electric cars for 2020. You will notice that we have included two Tesla models on the list. While these models were top-sellers, CarMax no longer sells Teslas.

Mercedes-Benz B250e

The Mercedes-Benz B250e is an upscale car in an electrified version. The B250e is excellent if you are looking for an electric car to commute to work in. The B250e models come in three different levels – Premium, Premium 2, and Premium 3. Mercedes-Benz B250e, 2017, comes with features such as keyless proximity key, radar-based recuperation system with paddles and SiriusXM® satellite radio.

Tesla Model 3

Tesla Model 3

Tesla Model 3 is one of the best options for someone who is looking for an electric car. The 2019 Model 3 comes in three trim levels that are related to the battery range that you prefer. The trim levels consist of standard battery range, standard battery range plus, long-range battery, and performance. The Tesla Model 3 Performance comes with features such as 20-inch wheels, carbon-fibre spoiler, upgraded brakes and lowered suspension.

Tesla Model S

The Tesla Model S is significantly larger than Model 3 and also comes with a variety of trim levels. It is a great option if you are looking for a Tesla but prefer more luxury. The self-driving capability of the Model S is commendable, so look out for those. The 2018 Tesla Model S comes with features like seventeen-inch touchscreen with navigation, twelve-way power and heated front seats, heated power-folding side-view mirrors and all-wheel drive.

Mitsubishi i-MIEV

Mitsubishi i-MIEV

The Mitsubishi i-MiEV was discontinued in 2017 but is still an excellent option for Electronic Vehicle shoppers. It comes with a 66-horsepower electric motor, which can achieve an EPA-estimated range of 50 miles on 2017 models. The model’s small size makes it ideal for congested roadways. Standard features include a leather-wrapped steering wheel and shift knob, fifteen-inch alloy wheels, heated front seats and side mirrors and remote system to pre-activate air conditioning.

Chevrolet Spark EV

Chevrolet’s Spark EV was produced from 2014 through 2016, for three years, and was General Motors’ first electric car since the early 1990s. Standard features include a leather-wrapped steering wheel, seven-inch touchscreen display and heated front seats.

 

 

Are Financing Issues Ailing the Electric Vehicle Industry?

The main emphasis of the Indian government right now is on the localization of the production of electric vehicles (EVs), and in this process, financing the projects has become one of the biggest hurdles. Vinit Bansal, the CEO and founder of EV Motors India, said that “The upfront costs are very high, and thus financial re-engineering is significant for e-mobility,” at the EVCon India conference. He believes that the “banks and financial institutions have a big role to play” as innovation in the e-mobile sector would be challenging in India without the support of the financial institutions. Bansal’s firm manufactures and operates charging stations for Electronic Vehicles. He also addressed issues that have to be dealt with in order to improve mass preference for electric vehicles.

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While moderating a panel during the conference, the partner and leader at PwC, Kavan Mukhtyar, too said that “the key to the puzzle (expanding Electronic Vehicle fleet) lies” in resolving financial obstacles. He went on to add that apart from financial restructuring, business model renovation can also prove successful in addressing the financial problems. According to Mukhtyar, the problem can be solved through shared mobility space. It can increase attainibility as the volumes will grow, and the prices will fall. This will result in electric vehicle adoption among users. Vineet J. Mehra, the founder of DOT, a logistics provider that uses electric vehicles for transport, believes that while investment and funding in the electronic vehicle industry is picking up speed in India, banks still need to step up further. Recently, Electronic Vehicle mobility start-up BluSmart raised around $3 million from KA Enterprises, Kalpavriksh Trust (Centrum VC Fund), JITO Angel Network, Survam Partners, the family office of Hero Group’s Suman Kant Munjal and several others.

picking up speed

Banks are also taking charge of initiatives in the green mobility business. Recently, State Bank of India reduced the rates of auto loans for Electric Vehicles. The buyers were provided with a discount of 20 basis points on the interest paid on loan. Moreover, the loan repayment period is also stretched longer under this scheme.

Vignesh Nandakumar, a partner at Lightstone Aspada, explained that vehicle loan business in India is one of the largest markets. He reasoned, saying that this is because users understand the demand for vehicles. While speaking at the event, he also said that the government needs to consider its role in that front. He added that government subsidies should be made available to both consumers and manufacturers to boost Electronic Vehicle adoption in India.

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