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J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. The trend is consistent with steady growth in availability and affordability. in January.

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BYD launches Yuan Up, its most affordable electric SUV at price of $A20,500

The Driven EV News

BYD unveils Yuan Up compact electric SUV, adding another low cost ground-up EV to its lineup with a price of around $A20,500. The post BYD launches Yuan Up, its most affordable electric SUV at price of $A20,500 appeared first on The Driven.

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Ford plans affordable small electric pickup and SUV, starting around $25,000

Electrek

Amid a flood of new competition, Ford is shifting plans to build more affordable electric vehicles. Ford is developing a new low-cost EV platform to power a small electric pickup and SUV, with starting prices around $25,000. However, due to the pivot, plans for its three-row electric SUV have been put on the back burner.

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MG cuts prices again on Australia’s most affordable electric SUV

The Driven EV News

Australia's most affordable EV sees another price cut amid stagnating sales across the new car sector. The post MG cuts prices again on Australia’s most affordable electric SUV appeared first on The Driven.

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GM reveals 2024 Chevrolet Equinox EV

Green Car Congress

With a starting price of around $30,000 on the 1LT base trim, the Equinox EV plugs Chevrolet into the critical compact SUV segment; GM says it expects the EV to be the most affordable EV in its class.

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Lucid reportedly developing three affordable EVs

Green Car Reports

Lucid has three affordable EVs in the pipeline The project "mid-size program" will encompass a crossover SUV, probably a sedan, and possibly a hatchback Lucid's model will put an emphasis on efficiency Lucid is developing three affordable EVs priced below the Air sedan and the upcoming Gravity SUV, CarBuzz reports.

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Ford Mustang Mach-E price cuts are proving affordable EVs are in demand

Electrek

Ford is moving inventory after slashing prices by up to $8,100 on its best-selling electric SUV, the Mustang Mach-E , last month. A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs.