According to new data, EV prices are down 18.3% in April 2024, while non-EV prices are 13.1% lower than last year.
Ford cut Mach-E prices by up to $8,100 in March.
Ford also opened orders for the 2024 F-150 Lightning this week while introducing new price cuts on the EV pickup of up to $5,500.
Volkswagen is offering $13,000 off the 2023 ID.4 AWD Pro S
Hyundai slashed prices on the IONIQ 5 and IONIQ 6 earlier this year
Nissan is offering nearly $16,000 off the Ariya electric SUV
Mercedes EQS is $19,442 lower than its average price of $104,747.
Tesla has dropped the price of the Model Y, Model S and Model X by $2,000 each in the US. Y cheapest it’s been.