JD Power: Suitable EVs Available This Year For 50% Of US Car Buyers via insideevs.com
cut its prices significantly, which caused a sort of EV price war. Moreover, larger and more practical electric vehicles are becoming available, and the driving range is growing.that price is very important. She added that as soon as the price comes down, there's an immediate increase in interest.
At the beginning of 2023, buyers had to pay an average of 31% more for an EV compared to a similar gas car. The discrepancy has now dropped to 24%, though some electric cars have seen larger discounts than others, and some have already reached price parity with gas-powered rivals. JD Power says the average EV transaction price dropped 7.5% in the US from January to March 2023.
On top of EV price cuts, there are also new incentives and tax credits, not only from the US federal government, but also from local sources. Now that many EVs are selling at cheaper prices, they're becoming eligible for incentives they may have previously missed out on.
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