"EV Prices Plummet 11% as Americans Face Soaring Vehicle Costs"
TL;DR Summary
The average price of new electric vehicles in the US dropped by 10.8% annually, with Tesla leading the decline. The price of the Tesla Model Y, a popular EV, fell by about 21% in the past year. This drop in prices comes as Tesla issued a $1,000 discount on Model Ys and warned investors of slower growth. Additionally, other EVs like Volkswagen's ID.4 saw an increase in incentives due to higher inventory and slowing sales.
- Tesla leads 11% annual drop in EV prices as demand slowdown continues MarketWatch
- CPI: Auto prices keep moderating despite inflation rising more than expected in January Yahoo Finance
- Kelley Blue Book Reports New-Vehicle Transaction Prices Continue to Tumble, Down 3.5% Year Over Year in January Cox Automotive
- Americans Being Priced Out of Their Love Affair With Cars Newsweek
- New vehicles cost 27% more than in 2018. Used cars are up too. MLive.com
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