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EV makers slash prices worldwide as demand goes flat

November 14, 2023
Source: afr.com afr.com
News Snapshot:
“There are clear signs of carmakers pushing EVs,” said Mike Tyndall, motor industry analyst at HSBC. “This was almost unthinkable at the start of the year.” Brutal price war In the UK, two-thirds of new EVs sold are on offer or have heavily discounted interest rates for financing, according to numbers from AutoTrader. In the US, discounts offered on EVs have tripled in the past 12 months. Discounting in Germany has remained steady at 7 per cent over the past few months, but some carmakers there are still offering up to a fifth off their best-selling models. Tesla, meanwhile, has...
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