Electric vehicles were in short supply last year as the average cost of gasoline topped $5 a gallon. But now is a good time for drivers considering an EV to make the leap, according to car experts. Here's why.
Electric vehicles were in short supply last year as the average cost of gasoline topped $5 a gallon. But now is a good time for drivers considering an EV to make the leap, according to car experts. Here's why.Years ago, buying an EV usually meant jumping on an online waiting list for a Tesla and being patient until it arrived. But those days are over because car dealerships now have excess supplies of electric cars, said Brian Moody, executive editor of Kelley Blue Book and Autotrader.
Jessica Caldwell, executive director of insights at Edmunds, also said automakers are moving away from marketing their EVs chiefly to high-end buyers. Having a hefty supply of vehicles means dealerships also may offer better buyer incentives or be more willing to bargain price. The price drop is a welcoming sign for the average American, many of whom are only looking to spend between $40,000 and $50,000 for a new car, Moody said.
Electric car leader Tesla, along with truck specialist Rivian, have both lowered their prices in recent months. And Ford last month
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