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Kelley Blue Book finds average EV price in US down 5.4% in January due to Tesla price cuts

Green Car Congress

The average transaction price (ATP) of a new vehicle in the US declined slightly in January 2023 to $49,388, a decrease of 0.6% ($310) from December’s record high and up 5.9% ($2,768) from levels one year earlier. The average new EV sold for $58,725, according to Kelley Blue Book estimates, and is still well above the industry average.

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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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EV prices skyrocketed in November, highlighting affordability issue

Teslarati

According to sales data released by Kelly Blue Book today, EV prices were pushed ever-higher in November, likely influenced by supply and demand factors. According to data released by Kelly Blue Book , EV prices were up by 2% compared to October and up 9% from November 2021. compared to October and 4.4% compared to October and 4.4%

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The $10K Tata Tiago EV Gets 20,000 Bookings In India In Just 2 Months

CleanTechnica EVs

Over the past 10 years or so, a lot of new energy vehicle startups, and also legacy OEMs, have followed the same formula of starting with top of the range ($70,000 plus) electric vehicles and then moving slowly to develop lower priced versions. The majority of car buyers can’t afford those kinds of vehicles.

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Why Tesla competitors will need more than affordability to take EV pioneer’s crown

Teslarati

Over the past several years, automotive manufacturers from all corners of the world have jumped head-first into electric vehicle production. Tesla’s most affordable vehicle is the Rear-Wheel Drive Model 3, which starts at $42,990 before incentives. according to Kelley Blue Book data.

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Report: Vehicle Supplies Are Climbing Back Up

The Truth About Cars

Vehicle inventories are now approaching the highest levels seen since the summer of 2020. This is according to a report from Cox Automotive , which stated that the month of February opened with the industry seeing an average new vehicle supply of 80 days. But there does not appear to be a similar surplus of affordable models.

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Volkswagen raises EV forecast for 2025 to 1.5M vehicles from ID. family; 1M by 2023

Green Car Congress

Half of the customers opted for a battery electric vehicle and the other half for a plug-in hybrid. Despite some model changes, the Volkswagen brand delivered more than 70,000 electrified vehicles in 2019—following 50,000 last year. For the first time, Volkswagen also offered pre-booking for the ID.3. Volkswagen ID.3.

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