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Report: Average New EV Prices Fell Below Tesla's Average for the First Time in Over a Year

The Truth About Cars

That’s changing slowly, as Cox Automotive recently reported that EV prices have fallen below the average Tesla price for the first time since early 2023. While its vehicles aren’t “cheap,” Tesla offers two of the most affordable EVs on sale today. Buyers are also buying more used EVs than before as prices have fallen.

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Battery revolution! Has Stellantis cracked the code for super-cheap EVs that will undercut ICE?

EV Central

The global auto giant Stellantis has done a deal with a French battery-maker to secure fresh sodium-ion battery technology for its future EVs that could see electric cars finally undercut petrol cars on purchase price. Has Stellantis cracked the code for super-cheap EVs that will undercut ICE? READ MORE: Range anxiety solved?

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Tesla & CATL deemed the Power Couple to Recharge the US EV Market: Morgan Stanley

Teslarati

In addition, the United States has an under-supply of affordable EVs and cheap batteries for electric vehicles. Meanwhile, China has an oversupply of affordable EVs and cells in the battery market. Even Europe is leaning towards domestically sourcing and supplying battery cells for electric vehicles. “In

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Report: The Mitsubishi Mirage is Dead After 2024

The Truth About Cars

Small, affordable cars are almost completely gone from the U.S. The hatchback variant started at just over $18,000, and the sedan at just over $19,000, a far cry from the almost $50,000 average new car price in America. It’s also expected to get the boot after 2025, though, so time is running out on cheap cars in America.

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Tesla margins will tighten as price cuts wage EV war: Morgan Stanley

Teslarati

Tesla ( NASDAQ: TSLA ) investors should prepare for tightening margins as price cuts wage a war between electric vehicle makers, Morgan Stanley said in a note. “We believe EV price cuts are not a fad, but a trend,” analysts wrote in a note. Others have avoided the strategy altogether.

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The Cybertruck's Windshield Costs $1,900 to Replace

The Truth About Cars

We were promised an affordable Cybertruck, but as it turns out, nothing about Tesla’s latest EV is cheap. The least expensive trim won’t be available until 2025, leaving the truck’s starting price at almost $70,000, and we’re now learning how much some replacement parts will cost. Image: Tesla] Become a& TTAC insider.

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QOTD: When Will the Insanity Stop?

The Truth About Cars

When will new-car prices become less insane? The fact is that new-car prices are high. To make the situation more complicated, most "cheap" cars have disappeared from the market, and we're going to lose one of the two left that starts at under $20K. Normally, you'd think that at some point, prices would adjust.

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