Electric vehicles are slowly gaining traction in the United States, with EVs’ overall share of vehicle sales surpassing 5% for the first time in 2022, but consumers still have anxiety about purchasing an EV due to high prices, a lack of charging infrastructure and concerns about battery range.
EV advocates are working to create new forms of financing to make EVs more affordable and bridge the price gap with their internal combustion engine counterparts.
An in-depth discussion on EV pricing and alternative finance options will take place at Auto Finance Summit East during a panel that includes Peter Glenn, co-chief executive of EV Life; John Possumato, chief executive of DriveItAway; and Tenni Theurer, chief product officer of Spring Free EV, on Thursday, May 11, at 2:15 p.m. CT.
Auto Finance Summit East takes place May 10-12, at the JW Marriott Nashville will provide opportunities to gain industry knowledge and network with industry leaders.
Panelists will take the stage to discuss the EV market, emerging finance models that bring EV pricing closer to that of gas vehicles, incentives and alternative financing models such as subscriptions and pay-per-mile leases.
About the panelists
Glenn co-founded EV Life in 2019 to connect EV buyers with loans that roll rebates and incentives into the financing process. He has more than 20 years of leadership experience in climate tech and fintechs, including senior marketing manager at Glassdoor and director of business development at energy company Fenix International.
Possumato has more than 30 years of leadership experience in the auto industry. He founded DriveItAway in 2017 to expand digital vehicle purchase options for consumers, according to LinkedIn. Prior to founding DriveItAway, he was the founder and vice chairman of the Corporation of Automotive Remarketing and president and chief executive of internet service company Wired Business.
Theurer co-founded Spring Free EV in 2021 to accelerate EV adoption in the U.S. by lowering ownership cost. She has more than 20 years of experience in tech, media and telecom, including serving as vice president of consumer product at Verizon Media, senior director of product at Yahoo and senior business leader at Visa.
The Auto Finance Summit East also features its Diversity, Equity and Inclusion Luncheon headlined by Santander US Chief Diversity Officer Virnitia Dixon; a presentation and Q&A on capital markets; and tech demo challenges.
Auto Finance Summit East, Auto Finance News’ new spring event, is set for May 10-12 at the JW Marriott Nashville featuring a fireside chat with Peter Muriungi, CEO of Chase Auto. Visit autofinance.live.