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Maybe Tesla Didn't Cancel the Affordable EV After All, Or Did It?

The Truth About Cars

The will they, won’t they themes continue in 2024, as the automaker recently reversed its reported decision to nix affordable EV plans, though the flip appears related to less-than-stellar first-quarter performance. The previously reported cancellation of Tesla’s affordable EV also went out the door, at least on paper.

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VW Commits to a Very Cheap EV – in Europe

The Truth About Cars

Now, the brand is eagerly posting about the imminent introduction of a cheap-as-chips EV – in Europe. The post calls it a push towards entry-level mobility, setting standards for technology and design plus the obvious affordability factor. 7 in this country, deferring to changing market dynamics as a reason for the move.

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Report: Ford's EV Skunkworks Team to Create Three Affordable Electric Models

The Truth About Cars

A few weeks ago, Ford announced that it had created an internal skunkworks team to focus on affordable EVs and a new platform to underpin them. However, the threat of China flooding the market with cheap electric models is too frightening to ignore. All automakers in the U.S.

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LIVE BLOG: 2023 Tesla Investor Day

Teslarati

Following is a Live Blog of Tesla’s 2023 Investor Day. 18:41 CST – Elon Musk noted that one thing that for the vast majority of people, things are affordability driven. Most times, it’s a matter of whether people can afford one. Affordability is what matters,” Musk said. Yes, everyone, Tesla is thinking *that* big.

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Chevy Detailed a Longer Range and Lower Price for the Silverado EV RST

The Truth About Cars

Though stout on specs, the new truck is far from cheap. It’s still a far cry from affordable, but it is more than the trucks' rivals’ starting prices. The Silverado EV RST First Edition starts at a healthy $96,495 after a $1,995 destination charge, though that’s almost $10,000 less than Chevy originally advertised.

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The Cybertruck's Windshield Costs $1,900 to Replace

The Truth About Cars

We were promised an affordable Cybertruck, but as it turns out, nothing about Tesla’s latest EV is cheap. The least expensive trim won’t be available until 2025, leaving the truck’s starting price at almost $70,000, and we’re now learning how much some replacement parts will cost.

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Report: Tesla Readying New Model 3 Performance

The Truth About Cars

At the same time, the new car lost tax credit eligibility and its place as a compelling, affordable EV as a result. While it’s still less expensive than many competitors, the new Performance almost certainly won’t be cheap.