The base sticker price for a Tesla Model 3, for instance, has dropped 17% over the past year. Now, other automakers, particularly luxury brands, are selling EVs at big discounts, too. (Remember, for most new vehicles, the manufacturer’s suggested retail price, or sticker price, is just a suggestion, with the final selling price usually higher or lower.) One year later, the average EV went for about $2,000 under sticker price, according to data from Edmunds. The Volvo XC40 Recharge, with an average sticker price around $61,000, is selling with discounts averaging about $7,750, according to Edmunds.

Source: CNN October 21, 2023 13:34 UTC