Average Electric Vehicle Prices Plummet As Oversupply Concerns Grow
Average Electric Vehicle Prices Plummet As Oversupply Concerns Grow
Analyst predicts that increasing EV inventory and falling prices could have a positive impact on EV adoption in the long run.
The average transaction price of a Tesla has fallen by 19.5 percent over the last 12 months.
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There's no oversupply. People just can't afford the asking price. It's overpriced and yet also feature stripped with an extra subscription.
That is still considered an over supply if the prices are too high for the market they are trying to sell into. They’ve reached saturation for the early adopters and tech enthusiasts and now the normies are saying not so fast on the high average selling prices. I think it’s wonderful and we get watching economic theories in action right before our very eyes.
Auto mfg execs are going to be crapping in their drawers when the realize they can’t keep selling massive vehicles for massive profits. It might get ugly folks.
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.
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.
And nearly impossible to get serviced. The worst thing about doing personal auto claims was trying to find a shop that could fix the damn things.
Edit: Teslas, this specific to Teslas.
Mine's been in the shop since NOVEMBER.
Everyone should stay the hell away from Telsas until they can get their service shit together. As much as I love that car, fuck Tesla.
Almost a year?
At what point does insurance step in and consider it a write off or something?
A year making it "unrepairable"
Insurance is, unfortunately, not being particularly helpful about it. Their latest email suggested contacting the media about it.
Ugh, that's terrible.
Are you going to do that? Wait for the whole year for greater impact?
Doubtful, but it's possible. I've started getting legal advice from family friend lawyers. And there's at least one class action on this very issue I'll am looking into.
Well, good luck with all that.
There should seriously be a law around repair times. There's no possible scenario where that's acceptable.
Damn, my Chevy bolt has been in the shop like three times for various work and the dealer has been able to turn it around within an hour or two every time. Well, except for swapping the battery which took them about a day. They even replaced both front and rear axles in about a half a day.