Used electric vehicle (EV) prices in the US have significantly dropped, with 'premium' brands selling for thousands of dollars less than comparable gas-powered vehicles. On average, used EVs were 8% cheaper than used gasoline-powered cars. However, US EV prices still remain higher than those in China, Europe, Brazil, and South Korea. Former Ford CEO Mark Fields highlights the importance of lowering prices to boost the new EV market, emphasizing consumer perception of future vehicle value. Analyst Karl Brauer underscores the need to price EVs lower than gas cars to attract used-car buyers.
"You're going to have to charge less for the equivalent EV than the gas car before you're going to get [used-car purchasers] to buy," says https://t.co/WhhWmCKYU5 executive analyst @karlbrauer on used EV price drops. https://t.co/brcsEwH7d4
"You're going to have to charge less for the equivalent EV than the gas car before you're going to get [used-car purchasers] to buy," says https://t.co/WhhWmCKYU5 executive analyst @karlbrauer used EV price drops. https://t.co/7BwvqykzYz
"You're going to have to charge less for the equivalent EV than the gas car before you're going to get [used-car purchasers] to buy," says https://t.co/WhhWmCKYU5 executive Analyst @karlbrauer used EV price drops. https://t.co/CtBpvk6aWB
"As these prices come down, you take away one of the big inhibitors that are holding back the new EV market," says former $F CEO Mark Fields. "This is all about how do consumers feel about what their vehicle is going to be worth going forward. There are real issues around that." https://t.co/dc6NmzDoBB
U.S. EV prices are dropping but remain higher than similar models in China, Europe, Brazil, and South Korea. https://t.co/9awfoQx34Q
Used EV price crash keeps getting deeper with 'premium' brand idea history …selling for thousands of dollars less, on average, than comparable gas-powered vehicles Used EVs were on average 8% lower than the average price for a used gasoline-powered car in US. In dollar terms,… https://t.co/uwrMIHvlUm https://t.co/ypWIQTYkWR