EV Price Wars Thread
Lexus Fanatic
Joined: Sep 2010
Posts: 26,004
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From: Alberta
I get it. I could go find a 91 Accord for 1,000 bucks but it probably wouldn't even have traction control OR a CD player.
I like my 08 RX-350 but going to the gas station constantly, for as much as I drive, is getting really old. Premium too, which I last paid $5.29 here.
Like I said, I'm going to take everything into consideration. I suppose those smaller EV's that I was against for so long aren't any longer a bad option. As long as I could get 250-300 miles range out of it and it doesn't take forever to charge.
I like my 08 RX-350 but going to the gas station constantly, for as much as I drive, is getting really old. Premium too, which I last paid $5.29 here.
Like I said, I'm going to take everything into consideration. I suppose those smaller EV's that I was against for so long aren't any longer a bad option. As long as I could get 250-300 miles range out of it and it doesn't take forever to charge.
Lexus Champion
Joined: Oct 2019
Posts: 19,694
Likes: 3,767
From: California
Model 3 RWD is the best bang for the buck IMO. $40,240, with the tax credit ($7500) it's $32,740 before tax and license. With yearly gas savings it's more like $29,690. Yes that's expensive, but that pricing is in Camry territory
Lexus Test Driver
Joined: Jan 2003
Posts: 5,003
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From: Maryland
Lexus Test Driver
Joined: Jan 2003
Posts: 5,003
Likes: 527
From: Maryland
I get what you are saying about ADM’s at dealers but I paid an ADM of $25k for my Plaid. Let me tell you it doesn’t matter if the dealer or manufacturer sticks it to you, it still sucks either way.
. I bought a fully loaded 2018 Civic Si for $24K and some change...out the door!!!!! I would tell that dealership where they can stick it
Lexus Champion
Joined: Oct 2019
Posts: 19,694
Likes: 3,767
From: California
Lexus Champion
Joined: Oct 2019
Posts: 19,694
Likes: 3,767
From: California
World’s Top 5 EV Automotive Groups Ranked By Sales: Q1 2023
The two largest OEMs by volume - Tesla and BYD - increased their market share in Q1
All-electric car registrations in Q1 2023 (vs previous year):- Tesla: 422,873 and 23.6% share (vs 21.6%)
- BYD Group: 264,300 and 14.7% share (vs 10%)
- Volkswagen Group: 133,933 and 7.5% share (vs 6.8%)
- SAIC (incl. SAIC-GM-Wuling): 133,269 and 7.4% share (vs 10.7%)
- Geely-Volvo: 102,018 and 5.7% share
Others: about 0.78 million (43% share)
Total: about 1.84 million
https://insideevs.com/news/666633/wo...-sales-2023q1/
Lexus Test Driver
Joined: Jan 2003
Posts: 5,003
Likes: 527
From: Maryland
It may as well be ADM. What is the difference between dealers adding a markup and me buying a car for $25k more than current MSRP? To me it is no different if the manufacturer marks up a car or a dealer marks up a car based on supply and demand. When have you ever seen a manufacturer reduce the MSRP of a car like that? Typically cars get increases in prices each year.
Thread Starter
Pole Position
Joined: Jul 2001
Posts: 2,376
Likes: 219
From: Silicon Valley
Tesla increased Model S/X prices by $1k today.....X demand was stronger than I thought, at least the Plaid. There still about 1k XLR in inventory and 26 X Plaids in the US, though none in Cali.. 🤷
Lexus Champion
Joined: Oct 2019
Posts: 19,694
Likes: 3,767
From: California
Will Tesla's Price War Accelerate EV Adoption?
The affordability of EVs remains a significant barrier to mass adoption, and price cuts typically encourage consumers to move forward
"Tesla’s price reductions in the first quarter of the year have sent waves through the auto industry. As legacy automakers and startups try to catch up to Tesla’s electric vehicle dominance, some wonder if the automaker’s price cuts could spur a quicker transition to EVs"
https://insideevs.com/news/667009/wi...e-ev-adoption/
Lexus Champion
Joined: Oct 2019
Posts: 19,694
Likes: 3,767
From: California
Direct Sales of EVs Cost California Dealerships $910 Million in Profits
Tesla, Rivian and Lucid are encroaching on the potential profits of franchised dealerships in the Golden State
"Direct-to-consumer electric vehicle makers likely cost California franchised dealerships $910 million in gross profit opportunity last year""That breaks down to nearly $700,000 on average across the state’s 1,303 franchised dealerships based on an Automotive News analysis, with the missed profit affecting luxury outlets the most because of EV brands’ high transaction prices"
https://jalopnik.com/direct-sales-of...-mi-1850432639
Thread Starter
Pole Position
Joined: Jul 2001
Posts: 2,376
Likes: 219
From: Silicon Valley
There is only a few EV companies doing direct sales in Cali, with the most prominent being Tesla (all other "direct sales" by legacy mfg. are still tied to dealerships). This just means that dealerships aren't as needed anymore and ADM is ridiculous as neither the mfg or consumer gets a cut into it, only the middle man (dealerships)...
"That breaks down to nearly $700,000 on average across the state’s 1,303 franchised dealerships based on an Automotive News analysis, with the missed profit affecting luxury outlets the most because of EV brands’ high transaction prices"
https://jalopnik.com/direct-sales-of...-mi-1850432639
Direct Sales of EVs Cost California Dealerships $910 Million in Profits
Tesla, Rivian and Lucid are encroaching on the potential profits of franchised dealerships in the Golden State
"Direct-to-consumer electric vehicle makers likely cost California franchised dealerships $910 million in gross profit opportunity last year""That breaks down to nearly $700,000 on average across the state’s 1,303 franchised dealerships based on an Automotive News analysis, with the missed profit affecting luxury outlets the most because of EV brands’ high transaction prices"
https://jalopnik.com/direct-sales-of...-mi-1850432639