Re:California EV sales are falling
by burnerthrow008 on Monday February 19, 2024 @11:29AM
(#39431616)
It's also after the Model 3 refresh was released in Europe and before it was available in the US. Probably just a bunch of people waiting a couple months so they could get the new version.
Re:California EV sales are falling
by light_hue_1 on Monday February 19, 2024 @01:09PM
(#39432810)
They aren't selling less YoY, they're selling more. And as a percentage of all cars they're selling a lot more.
Car sales are down all around. https://www.nytimes.com/2024/01/03/business/economy/auto-sal...
No car retains its value well, but for a long time the Model 3 retained more of its value than any other mainstream car. That's eroding now because prices are lower and the subsidy is back.
You can't have it both ways. Either we want cheaper cars or we want them to keep their value longer.
For one, I'm happy prices are down, it will help with adoption. It's ok that my car is worth less. I don't plan on getting rid of it.
That's when Tesla Model3 had the biggest declines in price though... and Tesla ModelY had plenty of price drops throughout 2023. If EVs are selling less, despite huge declines in price, is that not worrisome?
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We can also look at the used-price: https://www.cargurus.com/research/price-trends/Tesla-Model-3...
Used is important for people who plan to sell their vehicles later. If your car declines from $50k to $45k over a few years of use, you feel good. But if your car declines from $65k to $35k after a few years of use, you don't feel near as good.