*** year ago, electric vehicle prices were on the rise but get this prices for new evs fell nearly 20% between June 22 and June 23. It's falling fast. Used electric vehicles fell even more by almost 30%. The auto research firm, I see cars dot com. Put together this report to show which E VS dropped the most. Here's the list, the Nissan Leaf dropped its price by more than $5000. The Tesla Model Three dropping the price by 16 1000 look at this, the Tesla Model X dropping the price by nearly $19,000. So why the sudden drop? Experts say Tesla kept dropping its prices which puts pressure on the others to lower their prices too. Plus fuel prices stabilizing this year hurt the demand for evs when gas prices are up. We all want electric. So the electric went on sale. So should you buy now? Experts say prices are good but wait this one out better toward the end of the year. That's all for today. Back to you.
Rossen Reports: This is the best time to buy an electric vehicle
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Updated: 11:48 AM CDT Aug 3, 2023
Prices of electric vehicles have been plummeting, but is now the time to buy? A year ago, electric vehicle prices were on the upswing – but the latest studies show good things for our wallets.Prices for new EVs fell nearly 20% between June 2022 and June 2023. Prices for used electric vehicles fell almost 30%. The auto research firm iSeeCars.com put together a report to show which EVs dropped the most. Click here to see the numbers.Why the sudden drop? Experts say Tesla kept dropping its prices, which puts pressure on other manufacturers to lower theirs too. Another factor is that fuel prices are stabilizing this year, which hurts the demand for EVs. So should you buy now? Experts say prices are good but wait this one out. They expect prices to be even better at the end of this year when newer models will go on sale, too.
Prices of electric vehicles have been plummeting, but is now the time to buy? A year ago, electric vehicle prices were on the upswing – but the latest studies show good things for our wallets.
Prices for new EVs fell nearly 20% between June 2022 and June 2023. Prices for used electric vehicles fell almost 30%. The auto research firm iSeeCars.com put together a report to show which EVs dropped the most. Click here to see the numbers.
Why the sudden drop? Experts say Tesla kept dropping its prices, which puts pressure on other manufacturers to lower theirs too.
Another factor is that fuel prices are stabilizing this year, which hurts the demand for EVs. So should you buy now? Experts say prices are good but wait this one out.
They expect prices to be even better at the end of this year when newer models will go on sale, too.
