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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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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.

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New Company Promises To Speed Up Mini-EV Manufacturing

CleanTechnica EVs

In wealthy countries, that’s cheap enough to be considered affordable in 2023, but we have to remember that not all […] EVs are great, but one very common criticism of them is that they’re expensive. This problem has gotten a lot better over the last few years, but the cheapest new EVs are still around $25,000.

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Tesla & CATL deemed the Power Couple to Recharge the US EV Market: Morgan Stanley

Teslarati

In addition, the United States has an under-supply of affordable EVs and cheap batteries for electric vehicles. Meanwhile, China has an oversupply of affordable EVs and cells in the battery market. In leveraging Chinese manufacturing know-how, Tesla can deliver a $25,000 EV (Model 2) and drive EV adoption in the US.

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Volkswagen shares plans for new EVs under €25K

Teslarati

The four new EVs will lead to Volkswagen’s cheapest electric vehicle, which will cost around €20,000, making it the most affordable BEV under the brand. The under-€20K BEV is designed for the European market as Asian automakers, like China, flood the market with cheap electric vehicles.

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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. However Tesla and other automakers have generally been considered to be targeting a $25,000 price tag, and while affordable, it’s still far greater than $10,000.

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Used Electric Vehicles – Affordable and Available

Plug N Drive

I have pretty exciting news for everyone who thought they couldn’t afford an EV… Yes, you can! Now, Tesla makes amazing cars and has done a fantastic job raising awareness of EVs, but their products don’t come cheap and that has fueled the view that electric cars = Tesla and Tesla is expensive so electric cars are expensive.