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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. The trend is consistent with steady growth in availability and affordability. Power EV Index.

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Next 10-UC Berkeley study suggests additional tax revenue or income-based rate structure to make electricity more affordable for Californians

Green Car Congress

California’s current strategy of recovering a myriad of fixed costs in electricity usage rates must change as the state uses more renewable electricity to power buildings and vehicles, according to the findings from a new report from the Energy Institute at the UC Berkeley Haas School of Business and non-profit think tank Next 10.

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Tesla Semi will be incredibly affordable with US’ revamped EV tax credit

Teslarati

Battery costs are declining quickly, but even Tesla still lists its 300-mile Semi variant with an estimated starting price of $150,000. That’s higher than the cost of a comparable diesel-powered Class 8 truck, so the Tesla Semi would have to be very compelling to convince drivers and fleet owners to make the switch to electric.

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J.D. Power launches EV Index; measuring roadblocks to EV adoption, parity to gas-powered vehicles

Green Car Congress

Power has introduced the J.D. Power EV Index, an analytics tool to track the growing EV market in the United States. This factor measures the proportion of new-vehicle buyers who have an EV purchase option that meets their buying needs, reflective of factors like price, manufacturer origin, segment and other inputs.

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Tesla is no longer just a luxury brand, says major auto outlet

Teslarati

One major automotive outlet says Tesla is no longer just a luxury brand, in part due to its unique pricing strategy over the past few years. Tesla price cuts push EV market toward affordability with broader influence In 2022, Tesla’s prices were higher and were competing with companies such as Mercedes-Benz, Aston Martin and Lexus.

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Tesla Powerwall price drop rolls out in Australia again

Teslarati

Tesla dropped the price of its Powerwall in Australia–for the second time this year– making it more affordable than ever. An email to Tesla Powerwall installers in Australia revealed that the company reduced the price of its home battery storage option by $1,699. In Australia, Tesla Powerall has a 13.5

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Feature: Bridging the EV Affordability Gap

Clean Fleet Report

This price barrier prevents the middle class from capitalizing on the notable cost savings of EVs, paying a “poverty penalty” of $1,000/year in higher fuel and maintenance costs by driving gas-powered vehicles. Rebates & Tax Credits Don’t Help Most Americans. Put all together, the customer saves up to $200 a month.