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by bryanlarsen 1133 days ago
Average EV price in 2020 was $55,000 and average ICE price was $39,000. Average EV price today is $55,000 and average ICE price is $48,000.

Both ICE & EV went up about $10K, but the EV price has dropped back and the ICE hasn't.

1 comments

Add in the $7500 federal tax credit on that EV and it's a dead heat. Even worse Tesla has a hefty margin on their vehicles right now and could go lower if they really wanted to put the squeeze on traditional automakers. They're also aggressively cost cutting the production. I think Ford, GM, Chrysler, BMW, Volkswagon, etc... are in more trouble than most people realize at the moment. I'm not saying they're going to go out of business next year, but I think they're going to experience significant market shrinkage in the coming decade if they continue down the path they are on.