Used electric car prices plummet, electric car rejection costs, summary about Tesla: Automotive news today
Last week’s Tesla shareholder news brought some product and battery news. At the same time that EV deniers continue to cite cost as the main reason for their demise, the cost of new EVs has continued to stabilize and used EV prices have plummeted. This and more, at Green Car Reports.
We already know that new electric vehicle transaction prices are gradually decreasing. Now market analysis is seeing that Used EV prices have plummeted– so much so that they now cost less than equivalent petrol cars. If there’s one example that best emphasizes this point, it’s that the average used Tesla Model 3 price is now lower than the BMW 3-Series price, both based on recent model time frames.
At the same time, a recent wide-ranging consumer poll from the Associated Press and public policy researchers found that cost is the main headline making purchases difficult for many U.S. adults. tram. Accordingly, close 6 in 10 people say cost is the main reason why they skip electric carswith these polls echoing previous results showing that these electric vehicle cost concerns are greater among older people.
And just before the weekend, we rounded up two product tidbits from Tesla’s annual shareholder meeting. CEO Elon Musk emphasized the importance of affordability and affirmation three “awesome” Tesla EVs coming soon—although there is no mention of the Roadster. And Musk revealed that Tesla still is trying to reduce the cost of 4680 batteriespromoted as a game changer that will change the economics of electric vehicles, below those of batteries produced by current suppliers.
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