""The deals also helped feed an aggressive price war led by market leader Tesla as it sought to defend its market share. That helped drive sales, but also drove down the value of used EVs.""
""Average petrol prices in the US pushed past $4 a gallon this week for the first time since 2022... Analysts attribute sluggish overall sales in the first quarter of this year in part to mounting concerns over affordability.""
""In 2022, the last time we saw a gas price spike, they would have been looking at vehicles from around 2019, when EVs weren't quite there yet.""
""Many of the obstacles to EV adoption were quietly being addressed, noting that the build-out of US charging infrastructure had...""
Tesla's aggressive pricing strategy is leading to a price war that boosts sales but decreases the value of used electric vehicles (EVs). Rising petrol prices and high new car costs are prompting consumers to seek deals, potentially making used EVs a more attractive option. Interest in EVs has peaked recently, but concerns about charging infrastructure and long-distance travel remain. Automakers like Ford and GM are planning affordable EVs, while improvements in used models since 2019 may surprise shoppers.
Read at Ars Technica
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