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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. Stephanie Valdez-Streaty , director of Industry Insights at Cox Automotive, said: “EV sales continue to grow in the U.S., Better choices and more options are helping push prices lower and drive higher sales.”

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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

That’s the findings from the Automotive Insights Report analysing March 2024 used car sales compiled by AutoGrab and the Australian Automotive Dealer Association. EV sales grew more than 13 per cent in March, which was substantially faster than petrol, diesel and hybrid vehicles. READ MORE: We buy a used Porsche Taycan!

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Used Tesla vehicles crush industry average depreciation despite price cuts

Teslarati

According to this report, the average used Tesla Model 3 and Model Y has only depreciated roughly 10% over the past three years, which is significantly less than counterparts from Mercedes, Lexus, and even Porsche. Recurrent reports that the number of used Tesla vehicles for sale has been cut in half since one year ago.

Price 107
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Tesla inventory volumes in Europe indicate potential upcoming price cut

Teslarati

The revelation regarding Tesla’s European inventory spike was posted on Twitter by Troy Teslike , who tracks Tesla sales and production. Here is a chart that shows Tesla’s inventory in Europe over time (cars listed for sale on Tesla’s website): [link] Supply is not an issue anymore.

Europe 94
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Update: Top 10 Electric Cars

Clean Fleet Report

Porsche Taycan 6,822. It’s a robust list of a variety of models–the majority of which are focused on the hot crossover segment–with total sales of more than 150,000 from six major automaker groups. The German Juggernaut — the Volkswagen ID4, Audi E-tron(s) & Porsche Taycan. Tesla Model 3 80,681.

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Tesla mystery solved: Exactly how much power your Model 3 and Model Y produces in Australia revealed

EV Central

As owners of older US-made Model 3s know, the original version of the most affordable Model 3 (previously known as the Standard Range Plus) had more power. That’s one reason a Porsche Taycan or Mercedes-Benz EQE53 AMG makes less power once the battery has a lower state of charge.

Australia 104
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China puts its electric vehicles on center stage - China automotive news

Tony Karrer Delicious EVdriven

Electric vehicles are "definitely affordable and environmentally friendly technology, and we think theres a huge potential market in China for them," Li Shufu, Geelys chairman, said in an interview Monday. It would take five to 10 years before they become truly affordable for everyday folk," Mr. Zhao said.

China 28