Hey everyone! Do you think EV prices will drop if demand slows down, or will they stay high?
If incentives go away, prices could go up for both new and used EVs. So yeah, something to think about.
Robert said:
If incentives go away, prices could go up for both new and used EVs. So yeah, something to think about.
It’s possible prices might actually go down without incentives. Dealers could lower prices to keep EVs competitive, especially if they were priced high because of the credits.
@Christopher
Yeah, that’s what I’m thinking too. When incentives disappear, prices might drop a bit to make up for it.
Robert said:
If incentives go away, prices could go up for both new and used EVs. So yeah, something to think about.
Remember when Musk called EVs an appreciating asset?
Robert said:
If incentives go away, prices could go up for both new and used EVs. So yeah, something to think about.
Right… I doubt Trump will actually do that.
No pressure on EVs now that some targets might get rolled back. Import tariffs on parts could push prices up for all cars, EVs included.
kwame said:
No pressure on EVs now that some targets might get rolled back. Import tariffs on parts could push prices up for all cars, EVs included.
Some states, like California, will likely keep their own EV targets. The federal government can’t control that, and manufacturers won’t want to lose the California market.
@sorphia
California might delay its targets if they realize the charging network isn’t ready. Without enough incentives, it doesn’t seem like they’re all in yet.
Imani said:
@sorphia
California might delay its targets if they realize the charging network isn’t ready. Without enough incentives, it doesn’t seem like they’re all in yet.
California has a weak charging network?
Prices are set to rise—expect a 20% tariff on a lot of EVs with parts from outside the US, plus the end of incentives.
jabali said:
Prices are set to rise—expect a 20% tariff on a lot of EVs with parts from outside the US, plus the end of incentives.
Actually, it’s not accurate that Trump said he’d make EVs illegal.
Manufacturers don’t want EV incentives to disappear. Most of the investment from the IRA is going to red states. I’d guess the IRA will mostly stay the same, though maybe with fewer leasing credits. They might make domestic content rules tougher, so qualifying for incentives could get harder.
They might also loosen fuel efficiency standards to slow the shift from gas cars.
Trump and Musk seem close, so who knows? Trump might even create some Tesla-focused policy… or just as easily backtrack.
Maria said:
Trump and Musk seem close, so who knows? Trump might even create some Tesla-focused policy… or just as easily backtrack.
Sounds about right for Trump to backtrack.
Maria said:
Trump and Musk seem close, so who knows? Trump might even create some Tesla-focused policy… or just as easily backtrack.
Sounds about right for Trump to backtrack.
True. Musk did support him financially, so Trump might give him more freedom in advising on car policy.
This comment was deleted by the user.
diallo said:
This comment was deleted by the user.
They could adjust incentives to focus on EVs made with US parts and batteries. Tesla would benefit, while EVs made in places like Mexico or with Chinese batteries might not qualify.
Musk posted, “Take away the subsidies. It will only help Tesla.” But with Trump supporting oil and disliking EVs, the credits could end. That might lower prices, but we could also see fewer companies sticking around in the EV market if demand drops.
@chozen
Good products shouldn’t need subsidies to sell, though.