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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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It’s a buyers’ market! Tesla Model 3 and Tesla Model Y dominate  rapidly growing used EV sales in Australia

EV Central

While demand growth for EVs outstrips traditional petrol and diesel vehicles, buyers still have the upper hand in an Australian used electric vehicle market dominated by Tesla. That’s the findings from the Automotive Insights Report analysing March 2024 used car sales compiled by AutoGrab and the Australian Automotive Dealer Association.

Australia 110
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Used Tesla vehicles crush industry average depreciation despite price cuts

Teslarati

Used Tesla Model 3s and Model Ys aren’t depreciating nearly as fast as their luxury vehicle counterparts, despite five price cuts in the year’s first quarter. One concern many Tesla owners have shared online following the series of price cuts implemented by Tesla is that their vehicles would, in turn, dramatically depreciate.

Price 107
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Used Tesla prices remain inflated despite price cut

Teslarati

Used Tesla prices have fallen dramatically since Tesla’s price cut at the beginning of this year but remain elevated compared to other used offerings. Tesla is the clear leader in electric vehicles in the United States, controlling roughly two-thirds of the market in the country. Despite its price falling 5.2

Price 73
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Tesla inventory volumes in Europe indicate potential upcoming price cut

Teslarati

4 The volume of Tesla inventory vehicles in Europe has spiked to its highest point this year, indicating the potential for another price cut. Despite this success, Tesla saw a slight but noticeable decline in sales in the European market during the year’s first quarter.

Europe 91
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Volkswagen sues car dealer for importing ID.6 EV to Germany

Teslarati

6 EV for sale to customers in Germany. 6 EV is produced in China by the FAW-VW joint venture and is meant to be sold exclusively in the Chinese car market. 6 costs significantly less than electric vehicles in the European EV market—even after import costs, it seems. 6 electric vehicle (EV) into Germany. Brudny bought 22 ID.6

Dealers 96
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Volkswagen ID.2 to rival Tesla’s expected $25,000 vehicle

Teslarati

Volkswagen is preparing to enter the same segment as Tesla’s upcoming affordable car with the ID.2 Sales of the all-electric Volkswagen ID.2 JATO—a company that analyzes the European car market and global trends—shared data that revealed the VW Golf’s declining sales trend. Pricing the ID.2 The VW ID.2