article thumbnail

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

Green Car Congress

New-vehicle inventory levels are increasing from historic lows in early 2022, but prices remain elevated, according to data released by Kelley Blue Book, a Cox Automotive company. The average new EV sold for $58,725, according to Kelley Blue Book estimates, and is still well above the industry average. of total sales, up from 18.6%

Price 199
article thumbnail

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.

article thumbnail

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%

article thumbnail

Tesla made up more than half of U.S. EV sales with only two models

Teslarati

Tesla made up more than half of the total electric vehicle sales in the United States with only two of its models, according to new figures from Kelley Blue Book. EV sales in 2023, making up 615,407 of the 1,189,051 EV units that were sold in the country. in 2023, accumulating 394,497 sales. This is 51.7

Sale 138
article thumbnail

Tesla dominates Carvana EV sales, but the order might surprise you

Teslarati

Tesla dominated Carvana’s 2023 EV sales figures, but the order of vehicles might surprise you. It is a surprise considering the Model Y has largely dominated EV sales and led Tesla’s internal sales figures for a few years, especially this past year in the United States. percent of the total EV sales in the U.S.,

Sale 119
article thumbnail

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

Teslarati

Tesla’s most affordable vehicle is the Rear-Wheel Drive Model 3, which starts at $42,990 before incentives. It is far from the most affordable EV on the market, as several vehicles, both in production and planned for the future, have been marketed as the “Tesla Killers,” a term that was widely put to rest a few years ago.

article thumbnail

Carvana trends report: Used EVs narrow price gap with ICE cars, triggering sales growth potential

Baua Electric

According to the data gathered, Carvana saw that its used EV sales mix achieved new highs while the price margin compared to traditional combustion vehicles narrowed. The EV trends report combines Carvana’s EV sales data by state plus other metrics from Kelly Blue Book and MarketCheck. of its total.

Sale 52