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The Impact of Gas Price Trends on Vehicle Choice

Clean Fleet Report

When gas prices are on the rise, it had a big impact on the type of vehicles that people were buying. The Cost of Gas Has a Big Impact on Vehicle Choice. With gas prices always fluctuating, it can be difficult to predict how much you’ll need to spend on fuel each month. Analysis of Recent Market Moves.

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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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EV prices nipping at gas-powered vehicle heels with discounts and cheaper options

Baua Electric

New data shows EV prices are nearly the same as gas-powered vehicles. EV prices are closing in on gas-powered vehicles According to Cox Automotive , the average transaction price for an EV was $50,798 at the end of 2023. Tesla led the way after slashing prices all year. million EVs last year.

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Report finds US automakers remain profitable under future CAFE standards even with fuel price fluctuation

Green Car Congress

Even with wide-ranging unpredictable gas prices, US automakers will remain profitable and suppliers will benefit under existing national fuel economy standards slated to be in place until 2025, according to a new economic analysis brief prepared by independent automotive industry analysts, commissioned by the nonprofit group Ceres.

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BYD launches lower-priced version of its Tesla Model 3 rival electric sedan, starting at $25K

Baua Electric

Global EV leader BYD launched a new version of its Seal electric sedan Monday, with starting prices around $25,000 (179,800 yuan). The Seal Honor Edition is BYD’s latest lower-priced EV to roll out, fueling its “liberation battle” against gas-powered cars. Based on the e-platform 3.0, the new EV is offered with 61.4

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Low Gas Prices Won't Affect Loyal Owners As 2016 Toyota Prius Hybrid Looms

Green Car Reports

In the auto industry, it''s generally assumed that as gas prices drop, so do sales of green cars. Most consumers consider switching to more fuel-efficient, hybrid, or plug-in electric cars because of their anticipated lower fuel costs--but if gas is already inexpensive, the math doesn''t look as good.

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Tesla bucked the industry with its Q1 results — now TSLA is seeing momentum

Teslarati

Tesla ( NASDAQ:TSLA ) essentially bucked the auto industry in the first quarter of 2022. Despite shutdowns in its Shanghai plant, rising nickel prices, and the ongoing supply chain crisis, Tesla successfully delivered 310,048 cars worldwide. Don’t hesitate to contact us with news tips.