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Ford Plans Affordable EV Models and Promises Profitability

The Truth About Cars

Farley noted that company executives are aware of buyers’ desire for more affordable EVs, noting Ford’s recent price cuts on the Mustang Mach-E, which gave the SUV a striking sales bump. The automaker’s hybrid models are quite popular, however, driven to a large degree by its expansive fleet business.

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Tesla Model 3 Performance export fleet spotted in Shanghai Southport Terminal

Teslarati

Footage taken during the Tesla watcher’s flyover showed a large export fleet of Model 3 Performance units that are reportedly bound for Europe. After all, apart from its specs, the new top-tier Model 3 is priced very reasonably. Watch a drone video of Tesla’s Model 3 Performance export fleet below.

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Tesla’s Elon Musk gives subtle nod to more affordable FSD monthly subscriptions

Teslarati

Tesla CEO Elon Musk appears to have given a subtle nod to the idea of more affordable Full Self-Driving (FSD) monthly subscriptions. At the time, Tesla priced the service at $199 per month for vehicles that only have Basic Autopilot , or $99 per month for vehicles that have Enhanced Autopilot activated.

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BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

Green Car Congress

Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). All prices are in real 2021 $, unless stated as nominal.) At the cell level, average BEV prices were just $97/kWh.

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Fleet manager drops Tesla because ‘prices fluctuate too much’

Baua Electric

A fleet manager for SAP, a large software company, says that it is dropping Tesla from its fleet because “their prices fluctuate more”. Tesla has consistently reduced prices over the last two years. It has been great for new buyers and making EVs more affordable, but it’s not all positive. There’s no way around it.

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Tesla price cuts hinder Hertz earnings as it misses profit estimates

Teslarati

Tesla’s price cuts throughout the third quarter provided challenges for rental company Hertz ( NASDAQ: HTZ ), who adopted the electric automaker’s vehicles in 2021 for its fleet. The swings in pricing hindered Hertz’s Q3 earnings report, as it missed profit estimates.

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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 price paid for a new EV decreased in January by $3,363 (down 5.4%) compared to December. year over year.

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