"Edmunds reports that EV average transaction prices shot up $5,000 in October, a month after the tax credit came to an end. Leasing rates slowed down as the deals cooled offfurther proof that the new EV market was overly reliant on leasing. But there are reasons for optimism, including people's growing enthusiasm for electrification. By most accounts, this year was a big party for any carmaker selling electric vehicles in America."
"The average transaction prices for new EVs in the U.S. rose to $65,021, up from $60,167 in September, the website reported. The average EV's MSRPits price without incentives and suchrose to $67,835, which is the highest it's been in a while. And leasing dropped to about 60% of all EV purchases, down from their September and January highs of 74%."
The federal EV tax credit expired and October saw average EV transaction prices jump roughly $5,000 to $65,021 from $60,167 in September. Average EV MSRP rose to $67,835, the highest in some time. Leasing, which previously enabled vehicles to qualify for the $7,500 credit, declined to about 60% of EV acquisitions from 74% highs. October buyers appeared less deal-driven and more committed to electrification, and EV consideration dipped modestly but remained steady. Leasing declines reflect cooling promotional deals, while sustained consumer interest and growing enthusiasm for electrification support cautious optimism for continued EV adoption.
Read at insideevs.com
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