article thumbnail

Carvana trends report: Used EVs narrow price gap with ICE cars, triggering sales growth potential

Baua Electric

According to the data gathered, Carvana saw that its used EV sales mix achieved new highs while the price margin compared to traditional combustion vehicles narrowed. With more options available, Carvana has seen the average sale price of BEVs decrease, dropping from $13,000 in Q1 2023 to just $7,000 a year later.

Sale 52
article thumbnail

Toyota 3-row EVs, Tesla price cuts, electric G-wagen, airless tires: The Week in Reverse

Baua Electric

Which automaker priced its hardware set allowing its EVs to back up the home? The Tesla Model Y undercuts the Model 3 by $5,000 —for those who are EV tax credit eligible—under the latest round of Tesla price cuts made last weekend. That complements the other Toyota 3-row electric SUV set to be made in Kentucky in 2025.

Toyota 52
article thumbnail

Ford investing $3.5B to build LFP battery plant in Michigan; partnering with CATL

Green Car Congress

This new agreement with CATL adds to Ford’s existing battery capacity and available battery technology made possible through a series of key collaborations – including with SK On and LG Energy Solution (LGES). This lower-cost battery, at scale, will help Ford contain or even further reduce EV prices for customers. With this $3.5-billion

Michigan 259
article thumbnail

Toyota is already offering $10k off a lease for its fully electric 2024 bZ4X

Baua Electric

Photo: Toyota Toyota has made its fully electric 2024 bZ4X – which only just landed on dealers’ lots – available to lease with a $10,000 discount. Toyota’s 2024 bZ4X lease deal Toyota released prices and specs of the 2024 bZ4X in January, and it hasn’t even been available at dealerships that long.

article thumbnail

Toyota to launch a Prius-like bZ3C electric crossover, but you can’t have it

Baua Electric

The Toyota bZ3C looks like the new Prius, but the electric SUV crossover won’t be available in the US. Prices and final specs will be revealed closer to launch. billion investment in its Princeton, Kentucky plant. To keep up with surging BYD, Tesla, and other EV makers, Toyota is launching a new all-electric crossover.

Prius 52
article thumbnail

Ford reportedly considering producing LFP batteries with CATL

Teslarati

Nowhere has this been more apparent than in the Blue Oval’s EV offerings, where it has been forced to increase prices, delay deliveries, and limit production. Ford was not immediately available for comment to Teslarati and did not comment to Bloomberg , who originally published the story.

Ford 95
article thumbnail

Progress! IRA signed into law

Electric Auto Association

The Inflation Reduction Act (IRA) is a massive climate, health care, and tax bill with the overarching goal of slowing the rise in consumer prices that have been climbing at the fastest pace in approximately 40 years. Used EV sale price less than $25,000. Most comprehensive climate package in U.S. history affects EV policy.