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Cheap electric cars are finally here—but price cuts won't translate to more sales until infrastructure catches up, experts say [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
On top of that, new tax credit policies are knocking as much as $4,000 off the sticker price of used EVs at the point of sale, bringing some models below the $10,000 mark. But the used market is defying economic theory—lower prices aren't increasing sales. And experts say that's not likely to change until the U.S. improves its charging infrastructure. “As we all know, the infrastructure is not up to par In the U.S. It remains a challenge,” Tyson Jominy, a vice president in the data and analytics division at J.D. Power, told Fortune . “That really has been the weak link for EVs in this country.” Most new EVs still cost over $50,000, and they cater to higher-end buyers. But now, as the market for used EVs grows, lower-income households can finally access cheap used EVs. But analysts believe that sparse charging infrastructure is what's holding these would-be buyers back. “The lower the price point we go on EVs, the more that the buyer has to rely on the infrastructure—the more l
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