this post was submitted on 19 Sep 2023
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[Dormant] Electric Vehicles

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Average Electric Vehicle Prices Plummet As Oversupply Concerns Grow (insideevs.com)
submitted 1 year ago by [email protected] to c/evs
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The average transaction price of a Tesla has fallen by 19.5 percent over the last 12 months.

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[–] [email protected] 3 points 1 year ago (1 children)

You know it's funny, I've read that the new car market in the US is exclusively market towards upper middle class and above buyers who are child free couples in the 55+ age group.

Apparently everybody else in the country is supposed to buy a used car.

That kind of fucks the whole "Let's switch to EVs now" plan.

[–] dignin 2 points 1 year ago

I can’t or won’t disagree with you and I’ll agree that it certainly delays the transition to EV’s until a robust used market develops.

Arguably that market is developing as we type. Check any used car site and you’ll see dozens of used EV’s. The prices are still too high imho, but they will keep coming down.