J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand
Green Car Congress
MARCH 30, 2023
Additionally, both manufacturers recently announced significant price cuts on both models. With incentives, the total cost of ownership of a new Bolt is now just $26,200, down $6,600 from December of last year. Likewise, the Bolt EUV has seen its total cost of ownership fall to $30,900. Consumers responded immediately with a 3.4
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