Remove Affordable Remove Insight Remove Price Remove Sale
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

J.D. Power: US growing increasingly divided on EV adoption

Green Car Congress

On a nationwide basis, EV adoption rates have continued to rise steadily, with EV sales now representing 8.6% Updated twice per year, the forecast projects EV adoption rates by segment by state and designated market area (DMA) and offers insights into the specific variables contributing to projected growth rates. Methodology.

article thumbnail

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. Sales of EVs grew by an impressive 13.1

Australia 110
article thumbnail

Battery maker ProLogium to gradually ramp up French plant amid slow EV sales – ET Auto

Baua Electric

Several battery makers in Europe have curbed expansion plans as consumers wait for more affordable models. billion) factory in France as it looks to boost efficiency and responds to a slowdown in EV sales , its CEO told Reuters. Sweden’s Northvolt for instance last week launched a strategic review. billion euro (USD 5.7

Auto 52
article thumbnail

Tesla Model 3 and Model Y stand out in Spring 2024 CarMax EV Consumer report

Teslarati

Thus, the company’s data provides valuable insight into the country’s used vehicle market. Sales data from December 2023 to February 2024 currently show that the vehicles now cost $3,000 to $5,000 less on average. The Nissan LEAF, a veteran in the EV sector, also proved popular.

F-150 145
article thumbnail

Initial Orders For Insight Hybrid in Japan Top 10,000 Units, More than 2X the Monthly Goal

Green Car Congress

Ten days after it went on sale in Japan ( earlier post ), the new Honda Insight Hybrid has racked up orders for more than 10,000 units—more than double the monthly sales goal.

Insight 170
article thumbnail

Mercedes-Benz EQ models have been slow to sell, dealers report

Teslarati

Mercedes-Benz has seen the sale of its electric vehicles (EVs) increase significantly in the U.S. However, a new report shows that dealers have had difficulty keeping up with inventory levels for the automaker’s EQ lineup, with sales times for the EVs exceeding the luxury segment average. marking a 284-percent increase year over year.

Mercedes 145