More News: Tesla Heats Up Race for Universal Charge Connector
EV Prices Dip, Buyer Incentives Rise Despite High Demand
As more electric vehicle models enter the market and Tesla loses momentum, automakers compete for market share.
January 11, 2023
Average EV prices are dropping slightly fueled by Tesla's steep price cuts, as more EV models enter the market such as these 2022 Mazda MX-30 EV models.
Photo: Martin Romjue / Bobit
1 min to read
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 in pricing was driven by significant price cuts at Tesla, which commands more than 65% of the electric vehicle segment. Earlier in the year, Tesla was increasing prices, citing supply issues. In December, the company reversed course.
Electric vehicles had the highest incentives in December, again influenced by changes at Tesla, at 6.2% of ATP, followed closely by luxury cars at 5.8% of ATP, according to Kelley Blue Book estimates. Meanwhile, vans, minivans and full-size SUVs had the lowest incentives, all less than 1% of ATP.
More Electric Vehicles
Peterbilt Expands Sourcewell Purchasing Agreement to Include Electric Trucks
The cooperative purchasing contract, now extended through July 2028, adds Peterbilt's battery-electric lineup for eligible government, education, nonprofit and tribal organizations.
Read More →
PITT OHIO Donates DC Fast Chargers to Community College of Allegheny County
The logistics company donated two 75-kW DC fast chargers to CCAC to support electric vehicle education and workforce training programs.
Read More →
California Governor Approves Instant ZEV Rebates For First-Time Buyers
That instant rebate is the centerpiece of a broader $600 million package Governor Newsom signed into law, keeping California active in the global clean transportation race.
Read More →
New Vehicle Models Stabilize Electrified Market In Q2
But more credit goes to hybrids than to all-electric vehicles, as more buyers look for fuel-efficient alternatives amid high gas prices.
Read More →
Xos White Paper Asserts LA Olympics Will Lack Enough EV Chargers
The commercial EV fleet company recommends some faster and more flexible remedies to relieve the anticipated shortfall.
Read More →
ChargePoint, Optimus Expand Fast-Charging Network Across Southeastern U.S.
ChargePoint will serve as the exclusive solutions provider, delivering hardware, software, and services to support Optimus’ growing charging network.
Read More →
Running A Profitable Electric Rental Fleet
How do you successfully operate an all-electric rental car fleet? Whether you manage a rental fleet or another commercial fleet, this conversation offers practical lessons on deploying, operating, and scaling electric vehicles.
Read More →
Why Charging May Never Be As Easy As Filling Up Gas
A seamless charge depends on a string of independent companies getting it right together, every time. How can electric fleets navigate the challenges to create a successful charging plan?
Read More →
Slate Debuts Colorful, Unique EV Models
A recent media and client event, studded with electric vehicles dressed up on platforms, planted a new position for the manufacturer in the wider EV market. Fleets will find cost-saving advantages.
Read More →
Slate Electric SUV, Pickup Switchable Model Aims For Light-Duty Fleets
Everything about this EV is counterintuitive and understated, making it stand out from the crowd.
Read More →