EV prices dropped by nearly 13% year-over-year in February, led in part by Tesla Model 3 and Model Y price drops, reports Kelley Blue Book.
According to newly revised EV transaction price data, the average price paid for an EV in February was $52,314, down from a revised $54,863 in January, according to Cox Automotive and Kelley Blue Book estimates.
EV transaction prices in February were lower year-over-year by 12.8%, an accelerating decline compared to January, when prices were lower year-over-year by 11.6%.
The market’s general EV price decline has been led in part by the Tesla Model 3 and Model Y, the two most popular EVs in the US.
Transaction prices for the Model Y last month, estimated at $49,363, were the lowest on record and were lower versus February 2023 by 16.2%.
Model 3 transaction prices last month, at $43,614, were lower year-over-year by 12% and near the lowest level on record.
High incentives and discounts on most EV models also continue to play a significant role in lower EV prices – for example, Polestar’s incentive package was over 10% of average transaction price, according to Kelley Blue Book estimates.
Stephanie Valdez Streaty, director of Industry Insights at Cox Automotive, noted that “while the higher inventory levels and increased competition continue to drive down the price premium of EVs, it’s important to acknowledge that EVs remain priced above mainstream non-luxury vehicles by nearly 19%.”
Read more: 1 in 5 new car sales globally were EVs in 2023, and that’s curbed oil demand – IEA
If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –ad*
lasuna for sale – diarex brand cheap himcolin generic
besivance generic – buy besivance where can i buy sildamax
buy cheap neurontin – cost motrin purchase azulfidine pill
benemid drug – order generic tegretol 200mg tegretol 200mg ca
purchase mebeverine – buy pletal generic order pletal 100mg sale
cheap rumalaya without prescription – shallaki drug order endep 10mg generic
pyridostigmine buy online – azathioprine 25mg cost azathioprine 50mg canada
buy baclofen 25mg sale – lioresal brand piroxicam pills
where can i buy voveran – voveran where to buy purchase nimotop for sale
buy generic cyproheptadine 4 mg – how to buy tizanidine tizanidine pills
buy cefdinir generic – buy clindamycin for sale clindamycin drug
buy trihexyphenidyl medication – brand artane diclofenac gel where to order
isotretinoin canada – order deltasone 20mg pills oral deltasone 10mg
prednisone 20mg drug – generic prednisone 5mg order zovirax for sale
order permethrin without prescription – buy benzoyl peroxide no prescription order generic retin
generic betamethasone 20 gm – buy betnovate generic monobenzone medication
metronidazole 200mg sale – order cenforce 100mg for sale cenforce 100mg cost
amoxiclav canada – buy synthroid 75mcg generic cheap levoxyl sale
where can i buy losartan – buy cozaar cheap cephalexin usa
oral cleocin – where can i buy cleocin indocin 75mg pill
purchase crotamiton cream – generic bactroban ointment how to buy aczone
buy modafinil medication – purchase promethazine online cheap melatonin tablet
zyban 150 mg us – ayurslim order online cheap shuddha guggulu generic
xeloda 500mg usa – buy naprosyn 250mg generic purchase danazol
buy progesterone 100mg pill – cost prometrium buy generic fertomid
order estradiol 2mg generic – ginette 35 generic buy arimidex sale
гѓ—гѓ¬гѓ‰гѓ‹гѓійЂљиІ© – гѓ—гѓ¬гѓ‰гѓ‹гѓі йЈІгЃїж–№ г‚ёг‚№гѓгѓћгѓѓг‚Ї и–¬е±ЂгЃ§иІ·гЃ€г‚‹