Driven by multiple price slashes by Tesla, the prices of electric vehicles have seen a consistent decline in North America. Cox Automotive’s report shows that back in August 2022, the average EV would cost €61,211 in the US, while in August 2023 we’re looking at €49,738. That’s an 18.7% plunge. And the number could potentially dip further when factoring in those tempting federal and state incentives. While EV buyers are potentially gearing up to get the best bang for their buck, franchised auto dealers are not sharing the same enthusiasm. In the words of Jonathan Smoke, Cox… More…
Electric car prices drop by 18.7% in a year
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