'Never Been a Better Time to Buy an Electric Car': Auto Expert

[Joe Capitalist]

'Never Been a Better Time to Buy an Electric Car': Auto Expert
It’s highly unusual for a car manufacturer to slash the MSRP of a vehicle after a launch. But that’s exactly what’s happened to the four best-selling electric vehicles in the U.S. now that Ford has joined Tesla in announcing major price cuts.
Could this be the start of full-fledged electric car price war? The two manufacturers’ moves certainly put pressure on other players in the EV industry to make cars more affordable, according to Alain Nana-Sinkam, SVP of business development at the automotive pricing company TrueCar.
“There hasn’t been a whole lot that’s been conventional about the way Tesla has gone to market in selling vehicles, but the concept that there would be significant changes in manufacturer suggested retail prices in the middle of the model year is a very uncommon thing in our industry, especially at these levels — thousands of dollars,” he says.
Whether Ford and Tesla’s competitors will announce price cuts of their own remains to be seen. The overarching trend in the market is actually the opposite: Prices have been rising steadily, and the average new car is now selling for an all-time high of nearly $50,000.
Price cuts aren’t the only way to make cars more affordable. The more traditional way to accomplish that and entice buyers is with incentives, which can take the form of financing deals or cash rebates. But the option of cutting sticker prices has particular appeal in the EV market right now because cars that cost over certain amounts (which depend on the type of vehicle) aren’t eligible for new EV tax credits of up to $7,500.

In light of the price cuts and the new tax credits, Pat Ryan, CEO of car shopping app CoPilot, says “there’s probably never been a better time to buy an electric car.”
The Tesla price cuts will likely force competitors including Ford to lose money on at least some of their electric cars to gain market share, which is great news for buyers, he says.
Shoppers who wait, however, will have many more vehicles to choose from, especially with GM and BMW’s ambitious plans for launching dozens of electric vehicles by 2025 between the two of them, Ryan says.
If you’re considering a used EV, those prices have also declined significantly. “For the first time since November 2021, the average used EV on the market is below $50,000 — it’s about $48,700, so prices have really come down,” Ryan says. Lower gas prices and Tesla’s cuts on new vehicles have contributed to the softening.

https://www.kansascity.com/money/ev-...ar-tesla-ford/

[Lionfish]

'Never Been a Better Time to Buy an Electric Car': Auto Expert
It’s highly unusual for a car manufacturer to slash the MSRP of a vehicle after a launch. But that’s exactly what’s happened to the four best-selling electric vehicles in the U.S. now that Ford has joined Tesla in announcing major price cuts.
Could this be the start of full-fledged electric car price war? The two manufacturers’ moves certainly put pressure on other players in the EV industry to make cars more affordable, according to Alain Nana-Sinkam, SVP of business development at the automotive pricing company TrueCar.
“There hasn’t been a whole lot that’s been conventional about the way Tesla has gone to market in selling vehicles, but the concept that there would be significant changes in manufacturer suggested retail prices in the middle of the model year is a very uncommon thing in our industry, especially at these levels — thousands of dollars,” he says.
Whether Ford and Tesla’s competitors will announce price cuts of their own remains to be seen. The overarching trend in the market is actually the opposite: Prices have been rising steadily, and the average new car is now selling for an all-time high of nearly $50,000.
Price cuts aren’t the only way to make cars more affordable. The more traditional way to accomplish that and entice buyers is with incentives, which can take the form of financing deals or cash rebates. But the option of cutting sticker prices has particular appeal in the EV market right now because cars that cost over certain amounts (which depend on the type of vehicle) aren’t eligible for new EV tax credits of up to $7,500.

In light of the price cuts and the new tax credits, Pat Ryan, CEO of car shopping app CoPilot, says “there’s probably never been a better time to buy an electric car.”
The Tesla price cuts will likely force competitors including Ford to lose money on at least some of their electric cars to gain market share, which is great news for buyers, he says.
Shoppers who wait, however, will have many more vehicles to choose from, especially with GM and BMW’s ambitious plans for launching dozens of electric vehicles by 2025 between the two of them, Ryan says.
If you’re considering a used EV, those prices have also declined significantly. “For the first time since November 2021, the average used EV on the market is below $50,000 — it’s about $48,700, so prices have really come down,” Ryan says. Lower gas prices and Tesla’s cuts on new vehicles have contributed to the softening.

Wet panties joey, you have become a one trick pony. You are stuck with your purchase, now live with it.

[LV426]

Wet panties joey, you have become a one trick pony. You are stuck with your purchase, now live with it.

He's saying he likes his electric car, you fucking idiot.

[Joe Capitalist]

He's saying he likes his electric car, you fucking idiot.

I like EVs in general but if I had to do it over again, I would've bought the Model 3 instead of the Y.
So, what I'm thinking of doing is giving my wife the Y and I'd get a new Model 3, especially since the price has gone down.

There's going to be a real rush on EVs since car manufacturers are dropping the prices.
Ain't it great?

[LurchAddams]

I like EVs in general but if I had to do it over again, I would've bought the Model 3 instead of the Y.
So, what I'm thinking of doing is giving my wife the Y and I'd get a new Model 3, especially since the price has gone down.

There's going to be a real rush on EVs since car manufacturers are dropping the prices.
Ain't it great?

They are the way of the future. Look for them to become more efficient, more powerful and having increased range per charge.

Remember how often you had to charge your flip phone in the 90's? Sometimes my current phone can go all day and night on a full charge.

[Joe Capitalist]

They are the way of the future. Look for them to become more efficient, more powerful and having increased range per charge.

Remember how often you had to charge your flip phone in the 90's? Sometimes my current phone can go all day and night on a full charge.

I read an article that said battery technology will improve to the point that it will typically add 18% to storage capacity per year.

[Nordberg]

I read an article that said battery technology will improve to the point that it will typically add 18% to storage capacity per year.

China has one they claim is 700 miles after charge. They will just get better and better.

[Joe Capitalist]

China has one they claim is 700 miles after charge. They will just get better and better.

They're also looking at 'Battery Swap'.
Go to a Swap Station and drive in their bay and they robotically remove your battery and 'swap' in a fully charged one.
It'll take about two minutes.

The gas car is dead. Long live the EV.

MAGAs wet panties:

[Into the Night]

He's saying he likes his electric car, you fucking idiot.

Yup. He's stuck with it. Now he has to live with it.

[Into the Night]

I read an article that said battery technology will improve to the point that it will typically add 18% to storage capacity per year.

Li-ion is the same as any Li-ion. It's the same chemistry. Nothing changes whether the battery is in a car or in a game console.
The only way to increase storage capacity is to add MORE batteries to the car (which makes it even heavier and more expensive!).

Oh...it takes longer to charge it too.

[Into the Night]

China has one they claim is 700 miles after charge. They will just get better and better.

...and YOU believe them! HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA! Gawd you're gullible!

[Hawkeye10]

The push to outlaw gas cars has run into a problem......far too many people dont want the EV's.

More force will now be applied.

What you want is irrelevant.

"UTOPIA!"

[Into the Night]

They're also looking at 'Battery Swap'.
Go to a Swap Station and drive in their bay and they robotically remove your battery and 'swap' in a fully charged one.
It'll take about two minutes.

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA! Riiiiiiight. You're just going to swap out a 1/2 ton battery pack, including disconnecting associated connectors and coolant lines, in just two minutes!
And what is the 'swap station' going to do with so many dead battery packs??? Recharge them??? Guess you still get to wait for one to charge up!
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!

The gas car is dead. Long live the EV.

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA! Go look at your average freeway, dumbass. Less then 1% of the cars on the road are EVs! MOST are gasoline cars!

MAGAs wet panties:

MAGA isn't a person.

[T. A. Gardner]

Multiplication by zero still results in a zero...

[T. A. Gardner]

They're also looking at 'Battery Swap'.
Go to a Swap Station and drive in their bay and they robotically remove your battery and 'swap' in a fully charged one.
It'll take about two minutes.

The gas car is dead. Long live the EV.

MAGAs wet panties:

Yea, sure... That'll work... Let's see... You have an older shitty battery in your car. You go to a swap location and they give you a fresh, charged, new or almost new, one. You happily drive off having taken the swap station for a bunch of chumps...

Nobody is going to do that because they won't know the condition of your battery versus the one you are getting. Then there's the issue that batteries are different for different models of car and manufacturer. Such a station would have to have hundreds of thousands of dollars invested in stocking a range of batteries for different cars, and the swap out process would vary by vehicle. The swap process would also take quite some time as those batteries aren't just a few connections.