Why electric vehicle prices are falling 

Ev prices were too high to began with. People no longer tolerate the overpriced.

Because they cost more than a mobile home...lol

I’ll wait until EV’s hit $15k.

I'm so happy with my EV. It costs me about $4.90 to go 300 miles with virtually no maintenance 🙌🏼

Simple market reaction. Demand is low and production is way too high, so prices go down.

Battery replacement as much as the car.

Paying $10 to 'fill up' is a pretty solid proposition for transportation

Ev batteries are warranted for 8 years . That’s 5 years longer than most engines, transmission, differentials and transfer cases.

What !? There are several models in the 30-45k range w/incentives. It’s about want vs need. Do your research. Get a home charger w/your car, period. Pennies to charge up, how often does one road trip more than 250 miles, average American drives 40 per day, worst case scenario was 70 in another study.

Expensive repairs

All these people buying new cars they cant afford are going to learn the hard way. Depreciating assets 😊

You should also factor in that owning an EV is way, way cheaper than gas. I charge up my EV at home once or twice each week for about $7 each time. And there is virtually no maintenane. So a buyer should consider that part. Also, EVs are just way faster, quieter and super fun to drive.

Wow! Only $55,000! I bought a used, naturally aspirated, sedan with 65k miles on it for $6000. It'll probably last a lot long than one of these EVs without having major issues too.

Not cheap enough !

Way too much maintenance cost on gas guzzlers, EV hooked up to my solar panels... extreme low cost to drive EV. If you do not have access to charging station when you sleep, ur out of luck - otherwise it's a no brainer 🙂

They suck, the entire idea sucks, and the politicians pushing it on us Americans suck as well!

They never talk about insurance cost ,going through the roof 🤣

You could get a brand new Tesla model Y long range 320 miles for 32,000 after rebate this report is practically useless with their $55,000 average price when will we be hearing intelligent news broadcast I wish I knew

I've been driving a Model 3 for the longest time now, and it's been great! I've had ZERO issues with it. It's insanely cheap to drive. And it feels like a sports car with the way it just takes off. I would never go back to a gas powered car

Here is an idea, dont buy one. There are toyota corolla 30 years on the road, and will outlast any electric car

If you wait a few more years, the prices will be even cheaper. Buying now will guarantee very quick depreciation of resale value.

Ahh if must leave area ....are E vehicles recharge stations on highway? Their battery is $20,000 and will not this overload the E grids in cities?

You want me to buy an EV have better range, better dependability in the cold & with towing. Include faster charging with better pricing for a car that won't break down all the time. Do that than we'll talk.

Even EV car prices drop to $1 I still don't want it ...... ⛽ Car always better. Research

Only $55,000? I may get 2 of them. One only for the weekends. 😂 (Sarcasm)

All vehicle prices are falling with only a few exceptions - the media just wants you to think it’s EV’s bc that’s what their gas-guzzling sponsors pay them to do.

To fix a ev crazy expensive

no it is not the time

And what about Tesla fires, you ask? On average, there is approximately one Tesla vehicle fire for every 205 million miles traveled in the United States from 2012 to 2020. This rate is significantly better than the national average for all vehicles, which experiences a fire for every 19 million miles traveled1. In more recent data, from 2021 to 2021, there were approximately five Tesla vehicle fires for every billion miles traveled, while the national average for all vehicles is 532. So, Tesla’s electric cars are statistically less likely to catch fire compared to conventional cars.

Our new electric bus, our city bought two months ago and yesterday the battery caught fire while people were on it

Wouldn't have one if it came Free with a pack of CORN FLAKES

As they sell more EVs, the price will come down. As the tech improves, the price will come down. As charging infrastructre expands/becomes reliable, the price will come down. - I own an electric motorcycle. It's VASTLY superior to the gas motorcycles I've owned in the past. EXCEPT for range and charging times. Which are two BIG items. For my commuting needs, they don't affect me at all. In 10-15 years, they'll have solved the charging and range issues. No one in their right mind will ever by a gas motorcycle after that. I mean, my electric motorycle is 7 years old now. In those seven years I've put on one new set of tires, and replaced the brake fluid once. No air filters, no timing belt, no spart plugs, no oil changes. The bike doesn't wake my neighbors up in the morning when I go do work. Around town, I don't have to wear earplugs. I can hear cars coming up from behind me. The bike doesn't get hot while stopped at a red light. Not having to shift while in-town stop and go traffic is a dream. The bike doesn't stink up my garage with gas and oil fumes. - Thing is, I may never have to buy another motorcycle. My current electric one should last my lifetime. Same can be said for an EV car. Sure, you'll lose "some" battery capacity over time. But there's no reason you shouldn't be able to keep one for 30-40 years (or longer).

If you want to buy an EV, fine, but people don't want mandates that force electric cars down their throats.

Recent poll said 46% of people in the US (49% in Australia) who already have BOUGHT and own an EV said their next auto will be ICE or Hybrid. That’s all you need to know really why demand is dropping like a rock. Word of mouth. If a product does not make MYLIFE BETTER I will not buy it. Sitting in a parking lot for 45mins (or hours if waiting on a charger) to feed an EV is not making MY life better. No chance I’ll ever own one.

Who buys used ev’s? When it comes time to replace the battery, that person will be crying lol

Tesla is the best car company ever! No gas stations, No oil changes, No smog check, No corrupt dealership, No catalytic converter and faster than a $650,000 Lamborghini !

If it reaches $50, i might consider 😊

Don't do it. In a year, your resale value will be below 50%...

I don’t wanna wait hours just for the car to charge. I pump gas and im already on the road in 5 minutes

they are not worth my respect

they will keep falling until they make no more EVs

Tesla model 3 is $35k.

Nobody is buying them 😂

I wanted a full EV, but the prices are still too high, so I bought a Phev Chevy Volt which gives me 51 ev miles and it uses gas as well.

Still too expensive + charge ev is getting expensive + insurance is expensive

I wouldn’t buy them if you gave me free money to do it

In today's news: Why people hate being stung by bees.

The price is fallen because no one wants one, or the $20,000 battery replacement.

You are always free to buy what you want, but do your homework, that’s for a refurbished battery where they only replace a few cells.

No one wants to sit a location to charge their cars for over an hour.

Every non-Tesla EV is going to switch over to the Tesla connector next year, so they're trying to unload their inventory of cars with the old connection port.

I'm waiting for made in China EV..10 thousand or lower .

They’re absolute rubbish unless you’re doing a school run or short trips. We trialed a works EV for a week and it was a total disaster.!! My company went on to purchase a fleet of internal combustion vehicles 👍👍👍

The only thing faster than a Tesla, is a Tesla’s rate of depreciation 😂

Prices are falling because nobody wants them. I also don't understand why anyone would buy someone else's used battery. Getting stuck with a dead battery will set you back close to the price of another used vehicle

Hyundai has a great deal on the leases for the Ioniq 5/6 and I took it. First EV. There’s a DC fast charger 2miles from my home. I’m always the only person there 😅 it’s been a great experience for 90 days. Free charging for 2yrs too

Unless you live in the city, have short commutes, and accessible at home charging they are totally useless.

Look up the price of a new Tesla battery Installed and you will understand why people are afraid of them.

EV' do not require a charging station just a 110 or 220 outlet . Almost every building in the USA has a 110 and 220 outlet (aka a "level-2" charging). About 25% of cars could easily be replaced by EV's. The conversion to EV's is not really aimed at private vehicles. The aim is to replace industrial, fleet,, agriculture, and freight vehicles. There will never be force. For decades there will be exceptions (for work, emergencies, collectors, research, hardship, etc), plug-in/hybrids, used vehicles, out of state vehicles, other alternative fuels, etc. So, if a EV isn't for you, you will still have your combustion-only vehicle. Please do not worry about a multi-decade government plan. Long term government plans rarely are on-time, or go un-modified. Right?

There are only two ways to owning EVs, while protecting from depreciation. Buy it new, keep it as long as you can, with good maintenance and charging discipline. Should last atleast 3x of an ICE vehicle. Another is to lease an EV and reduce loss on depreciation. Used EV sales seems to be artificially boosted, as a low cost option. There is certain unknown risks involved, and could result in high maintenance costs due to premature failure. Buy used only from known parties, that cared for the EV, and selling due to upgrade. Just some suggestions. Now some of the benefits of EV:They retain performance exactly same as you bought them, after 100k miles, with almost no maintenance, just with a few percent less battery capacity. Like toys, batteries can be replaced, there is a lot of used/almost new vehicles that go out of service for vaious reasons, so if you diy, you can change batteries yourself, at fraction of cost. They can even be repaired, to remove few failed cells. But this applies only to non-structural battery packs. Also new LFP batteries will outlast the mechanical/body parts of car itself. If you can install solar roof yourself, just for EV charging(non grid-tie), you will never need to pay for your electricity used for charging. Switched to EV(2 and counting) 4yrs ago and never going back to ICE(except for adiy high maintenance diesel of early 2000, just as a backup). EVs are not no maintenance, except for engine oil. But tolerate longer intervals. If you are frugal, never want to visit a mechanic shop, EV is the way to go!.

Sorry my 2012 avalon,$14.900😂😂😂😂

As production volumes increase, cost of production falls, and therefore EV prices are falling EV's cost very little to run, no servicing required and long life makes EV's cheaper than ICE cars already

Problem with used EV. Is the same you have with used battery power tools.. Batteries usually have lots of wear on them and when finally die they will cost around the price you paid for the tool to replace them..

$55k is affordable?

$55K for a car is out of control. Affordability is more like prices around the mid $20K to low $30k range.

0:58: No, new EV's aren't any kind of a deal, even with the slight price decrease. Federal tax credits are too difficult to process; should be a straight up rebate.

This reporter has been living under the rock? Her questions are dumbfounded.

I am in a very desirable market, and in the last half an hour I saw 10 lease deals on TV for $200. if you go to the lots of people who make and sell EV’s they don’t even have room to park them anymore. There is a huge backlog of cars coming and nobody wants them. Add that to the fact that China is trying to bring 1 million electric cars already made and sitting in the field. And they will do anything to sell them here, even if they’re 10 thousand dollars, and the pressure on electric manufactures is immense. Prices are going off the cliff and that will take regular cars with them.

EV’s are costing because they are highly techy. And on that same note, they depreciate so much more quickly because of technology significantly improving with each model year. Two factors imo at least.

most apartment renters have no way to charge them at home.

Wait until you try to insure it. Ow.

a 4 minute piece about EVs and no mention of Tesla!?

Because everyon who wants an EV has gotten on already?

EV are pricey? You mean excessively overpriced!

Prices for EV's are falling because it is an election year and our new president will support ICE vehicles like any normal leader would.

No one wants electric golf carts. All the golfer are changing to gas. Why to you think they want electric cars.

Cost of a low income house

avg cost of 55000 is not a number the anchor should be using when talking about ev pricing. you can purchase an Telsa model 3 for 39000 without any incentive.

If you're considering an EV, don't listen to ICE or hybrid owners. EV owners overwhelmingly replace EVs with EVs, never going back to oil changes and brake jobs (1-pedal driving eliminates 99% of my manual breaking...not kidding). And EVERYONE, even the misinformation folks, please read this: Top Electric Vehicle Stats (2024) Here are five notable facts to keep in mind about electric vehicles: • There are currently 2,442,270 electric vehicles registered in the United States. • California has the highest EV adoption rate (2.5%). • Tesla has a 56.5% market share for EVs sold in the United States. • The US electric vehicle market was valued at $49.1 billion in 2023. • 38% of US adults would consider an EV for their next vehicle purchase.

Because of the heat thou

Falling? They're going up. Maybe sales are falling a bit.

Go to any Ford dealer, and you will see still many new 2023 EV’s…It is buyer market

I don’t understand. I bought a 202 1 Bolt in 2021 for$28,000. Why are all the other cars so expensive? And the cost of using it over the past three years I haven’t even spent $200 and that includes the electric to run it. I don’t go on road trip so I really don’t care about that. anything more than 200 miles I’m gonna fly or take a train or a boat.

Stop dependence on Saudi energy.

Biden 2nd term must impose a substantial fine on gas car purchases.

$7,500 tax credit

Why would anyone want to buy a used battery🤪

My used Tesla is awesome.

Let’s face it, we’ll all be using rickshaw’s in 10 years

Hybrid is the way to go.

😳😂🤣😂 Gas cars still much cheaper than EVs 💯

The only people who don't want EV's are the manufacturers because they have far less moving parts, are far more durable and require less overall maintenance. Which means less revenue for them. And for course less $$$.. Hence why companies are now pushing hybrids so hard which according to Bosch is actually the most expensive and least durable option according to their rep when interviewed last week by Autoline, the automotive industry channel. Gee I wonder why they'd push inferior technology? It's not like that's in their economic interests or nothing... ;-)

Lithium mining..the new Blood Diamond times 100

Battery needs energy, chemical reaction, to produce energy. The reason it will always have a lower energy density than diesel and benzine. Diesel/Benzine have strong molecular bonds all it needs is air/ignition spark/compression not relying on the energy of diesel/benzine. Yes it is less efficient but the energy density is so high it will go further than any battery that’s been or will be designed. Imagine a hybrid with 100 mile range like what BYD has? Hybrid is the future.

not even free i may want evs it makes me sick to my stomach they are lame and backward

Good, another reason for not buying an EV.😅

Why? Because EV cars suck. Sorry Joey B.

I will NEVER buy an EV!

EV prices started very high because they are so new to the market. Just like anything else. The price will plunge as they figure out how to build them cheaper. Chinese auto makers finally figured that out. You can buy an EV sedan as cheap as 10,000 dollars. Tesla model 3 and Y are just as cheap as the gasoline powered cars in 2024. EVs are much cheaper to build than the ICE vehicles. It's a matter of time before all cars will be EV.

just wait till nov. and they will be gone