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When Will America Get Its $25,000 Electric Car? [BNN Bloomberg (Canada)]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The BYD Seagull sells for about $10,000 in China, the Dacia Spring starts at $20,000 in Europe, the Renault Kwid e-Tech costs $19,000 in Brazil, and the Kia Ray goes for $22,000 in South Korea. So where is America's $25,000 EV? In short, it's coming soon. It may not seem that way at first glance: US vehicle prices in general have soared to around $47,000, on average, and prices for electric models are higher still. Even after price cuts, the country's best-selling electric sedan, Tesla's Model 3, starts at around $40,000. But with signs of slowing growth in the premium EV market, manufacturers have been working on a substantial pivot from luxury to practicality. The $25,000 economy electric car is the industry's new target, and a number of models are set to hit the road within a year. Whether they can win over the next wave of American EV owners — and fend off Chinese imports currently held at bay by soon-to-be-102.5% tariffs — depends on how much range and how many features can
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- EU Refines Tariff Rates Set to Hit Electric Vehicles From China [Yahoo! Finance][Yahoo! Finance]
- EU Refines Tariff Rates Set to Hit Electric Vehicles From China [BNN Bloomberg (Canada)][BNN Bloomberg]
- VW latches onto Rivian in US$5 billion EV pact to catch up to Tesla [Financial Post (Toronto, Ontario, Canada)][Financial Post]
- Tesla recalls Cybertrucks for fourth time this year [Yahoo! Finance][Yahoo! Finance]
- Tesla Is About to Lose Its EV Market Majority in the US [Financial Post (Toronto, Ontario, Canada)][Financial Post]
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