$15K Drop In EV Prices Led By Tesla, As Model 3, Model Y Prices Fall

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$15K Drop In EV Prices Led By Tesla, As Model 3, Model Y Prices Fall
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I was a founding member of CNET news and hardware editor at CNET, a contributing technology reporter for the New York Times, and a reporter and editor at the Asian Wall Street Journal Weekly -- the latter in Japan, where I lived for ten years.

Electric vehicles are getting more affordable. Not quite at gas car levels but they’re getting there.

Tesla recently introduced a rear-wheel-drive Model Y priced at $43,990, the lowest price for the Model Y in the U.S. to date. Tesla has also slashed prices on the Model S and X, with price drops up to 19%. “More choice, downward pressure on prices – is certainly helping grow EV sales,” Valdez-Streaty told me in an email. “EV sales will surpass 1 million units this year, and we are planning for the EV sales to gain share in the years ahead,” she said, though she did add that “average EV prices remain higher than the overall market.”

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