The price is still absurdly high for a new car, and EVs are still an uncomfortable choice for the people of an age to afford them, as we’ve been driving gas cars for so long.
I bought a Model 3 because of the $7500 incentive, without them any EV I would consider would be too much cash.
That being said, new car prices across the board are still insane, and I don’t have any ideas, but I don’t think it’s sustainable.
I doubt they’ll go down much further, as it is, from humble Toyota hybrids to more expensive Mercedes fully electric vehicles, you’re looking at around half a year of waiting if you order one today. Over the pandemic that waitlist was nearly a year’s worth.
Prices are too high even with incentives. They need to cut out unnecessary features. People are not flocking to Level 2 assisted driving because the cost of entry is either too high or the subscription price is outrageous. That can easily strip $10k from the car.
You only really see large price differences like that from higher-end manufacturers. At the lower end of the scale, if you look at Toyota or MG for example, their bargain basement models with nothing on them, are only marginally cheaper than higher-spec models. Take MG for example, the difference here between their cheapest model where I live, is less than $2,500 USD compared to the top spec model. Whereas the difference between a top spec Mercedes EQE and their base model is roughly $40,000 USD.
