Demand for EV’s is higher than ever. EV sales increased 6% from Q2-Q3, and have every quarter since Q3 2021. The demand is still growing, but it had slowed down from the 10% percent quarterly growth of the last few years. Tesla is lowering prices because supply is growing faster than the demand with all the companies, including Tesla, adding EV manufacturing.
Tesla has returned their EVs to pre-pandrmic prices. They increased them by like $20k between 2021 and 2022 because demand was so high and no one else had any EVs to sell. The whole market is returning to “nornal” but all people want to talk about is the EV side of things. If you look at pickups these days it’s not uncommon to see $10k in incentives.
Little bit of both probably. Tesla has been lower their prices. They would be doing that if the demand was the same
Demand for EV’s is higher than ever. EV sales increased 6% from Q2-Q3, and have every quarter since Q3 2021. The demand is still growing, but it had slowed down from the 10% percent quarterly growth of the last few years. Tesla is lowering prices because supply is growing faster than the demand with all the companies, including Tesla, adding EV manufacturing.
Tesla has returned their EVs to pre-pandrmic prices. They increased them by like $20k between 2021 and 2022 because demand was so high and no one else had any EVs to sell. The whole market is returning to “nornal” but all people want to talk about is the EV side of things. If you look at pickups these days it’s not uncommon to see $10k in incentives.