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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. As new vehicle transaction prices declined once again in September, according to Kelley Blue Book data, Tesla is the culprit, helping consumers find industry-leading vehicles for a reasonable price.

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Ford Mustang Mach-E captures KBB’s EV Best Buy of 2022

Teslarati

Ford has captured a tremendous accolade with the Mustang Mach-E after Kelley Blue Book announced that the all-electric crossover is the Electric Vehicle Best Buy for 2022. Its SUV-leaning shape and fresh attitude also contribute to the Mach-E’s value to both Ford and to the emerging EV landscape.” ” (Credit: Ford).

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Hyundai and Kia surge past Ford, GM to take second in US EV sales in 2023

Baua Electric

The Korean automakers surged past Ford and GM with stylish, functional EVs built for the modern era. Hyundai and Kia take second in US EV sales According to Kelley Blue Book estimates, a record 1.2 Source: Corey Cantor/ BloombergNEF) Although Ford’s CEO, Jim Farley, declared that “Ford remained the No.

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Cost Parity?: Two Dozen EVs “Available” in the US Start At Less Than $45,000

EV Adoption

Nine of these EVs have a base MSRP of less than $35,000 and another nine would have a net effective price below $30,000 when factoring in the applicable federal EV tax credit. And buyers in some states may qualify for further incentives including rebates or no sales tax, along with some utilities also providing rebates.

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82% of BEVs & PHEVs Available in the US in 2022 Have a Base MSRP of $40,000+

EV Adoption

According to Kelley Blue Book , the average transaction price for an EV in the US in September 2022 was $65,291, which is $17,197 more than the $48,094 average transaction price of all vehicles. Lack of Affordable EVs Remains a Key Hurdle to Mass Adoption. DMAs of $5,000 to $7,500 are relatively common among luxury EVs. 4 ($3,735).

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Solving the Electric Vehicle Charging Conundrum

Cars That Think

But the difference is that only a minority of Americans today can afford to buy a new car. Most Americans do not have that saved and do not have the credit to do that. There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. So that's what it takes.

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Solving the Electric Vehicle Charging Conundrum

Cars That Think

But the difference is that only a minority of Americans today can afford to buy a new car. Most Americans do not have that saved and do not have the credit to do that. There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment. So that's what it takes.