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Politics : Formerly About Advanced Micro Devices

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longz
To: Eric who wrote (1431659)1/5/2024 4:22:32 PM
From: Broken_Clock2 Recommendations   of 1572325
 
Electric Vehicle Prices Falling

Electric vehicles (EVs) remain a small portion of the market. But EV prices, long at luxury-car-like highs, have begun to fall.

The average price paid for a new EV decreased in December by $3,594 (down 5.5%) compared to November and ended the year lower by 0.6%. The average new EV sold for $61,448, according to Kelley Blue Book estimates, still well above the industry average.

The drop was led by Tesla, which heavily discounted cars during the month – an unusual move caused by the Jan. 1 arrival of new government EV incentives. Telsa’s share of the EV market is shrinking but still dominant – more than 65% of EVs sold are Tesla products.
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