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Tesla led the EV market closer to ICE price parity in 2023: Cox

Teslarati

Sticker prices on electric vehicles (EVs) continued to trend downward in 2023 toward price parity with gas cars, as led by price cuts from market leader Tesla. The data shows that the average sticker price of a Tesla dropped throughout the year to reach $50,051 in December.

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Rivian cuts prices on its base R1T and R1S ahead of R2 launch

Teslarati

Rivian has cut prices on two of its entry-level vehicle configurations ahead of the automaker’s launch of its next-generation vehicle next month. After Rivian added two new range options for the R1T and R1S last week, the electric truck and SUV maker has also cut prices on some of its lineup.

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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

percent APR interest rate for buyers who finance the electric vehicle (EV) on an order placed by May 31. Credit: Tesla The recently launched base-level Model Y Long Range RWD currently starts at $44,990 before federal and local tax credits, while the Long Range AWD and the Performance trims start at $47,990 and $51,490, respectively.

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Lucid introduces new $7,500 discount as EV price war heats up

Teslarati

The effects of the Tesla price cuts from earlier this year are still being felt today. Many manufacturers quickly responded with price cuts of their own , including Lucid, who cut Air leases by $7,500. Now, thanks to continued price competition, Lucid is again offering a new discount. Shoot me an email at william@teslarati.com.

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Dealers Finally Have EV Inventory But Now Lack Buyers

The Truth About Cars

We’ve been hearing about the rise of electric vehicles for years, but while they are growing rapidly in number, there’s still a disconnect between an auto industry hell-bent on electrification and the desires of the people they rely on to buy new cars.

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Tesla bull calls battery cost declines “good deflation” that could boost EV sales

Teslarati

To support its observations, ARK Invest used the 2022 Nissan Leaf EV’s price as an example. Nissan’s suggested manufacturer’s prices for the SV and SL were $34,200 and $36,790, respectively. The Nissan Leaf’s pricing reveals that it costs less to produce an EV with more milage today than five years ago.

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China's NEV sales up 24% MoM to 653,000 in Mar, CAAM data show

CN EV Post

The CAAM released data on wholesale sales by automakers, where NEVs include battery electric vehicles (BEVs), plug-in hybrid vehicles (PHEVs) and fuel cell vehicles. The CAAM proposes that China's central and local governments continue to introduce policies to promote auto consumption, given the current weak market expectations.

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