From NewsNation
“Electric vehicle sales in the U.S. are on track to surpass 1 million this year, but swelling inventory, and recent price cuts, may signal slower growth going forward… Some manufacturers have already cut prices. On Monday, Ford announced it would be lowering the price of its base F-150 Lightning electric pickup by almost $10,000. Tesla — which accounts for about 60% of the EV market in the U.S. — has slashed prices multiple times over the past year. Those cuts, Cox said, have helped drive the average transaction price for a new electric vehicle down to $53,438 last month — 20% lower than the year prior.” |
