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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

While luxury automakers Audi, Mercedes-Benz, and Porsche all marked September 2023 with increases in pricing compared to the same month a year prior, Tesla helped offset these increases with cuts of its own in the United States. At last check, we had 15 new EV models for sale that were not available a year earlier.

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2021 US EV Sales Scoreboard: RAV4 Prime and Mustang Mach-E Are The Top-Selling Non-Tesla EVs

EV Adoption

A third key trend is of course the drop in sales to nearly zero (25) in Q4 for GM’s Chevrolet Bolt, which suffered from both a battery recall due to fires and a stopping of production. Audi e-tron GT: A competitor to the Tesla Model S, the e-tron GT had a 65% increase in Q4 over Q3, its first quarter for sale in the US.

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Convincing Consumers To Buy EVs

Cars That Think

GM, though, is promising it will meet heavier towing requirements with its 2024 Chevrolet Silverado EV. However, Lucid Group CEO Peter Rawlinson in a non-too subtle dig at both Ford and GM said , “The correct solution for an affordable pickup truck today is the internal combustion engine.” BEVs dwell at the bottom of the rankings.

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