EV makers react to slow sales


The old saying “money talks” apparently got the attention of electric vehicle makers.

Responding to sluggish sales and customers who complained about the high cost of EVs, some manufacturers are launching new EVs with a reported lower cost. They include Ford and Tesla who are scrambling to do something to attract new car buyers.

According to Business Insider, Edmunds data showed the average transaction price of an EV in 2023 was $61,702 compared to $47,450 for fossile fuel vehicles.

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