EVs Aren’t That Cheap Afterall; Here’s Why
Tesla (TSLA), General Motors (GM), and Ford (F) have been raising the prices of their electric vehicles (EVs). It turns out there is more than one reason for the hikes, and the outcome may not be all that desirable. A series of price hikes has driven the cost of Tesla''s high-end variant of its top-selling Model Y SUV car up by 9% in 2022, according to a Wall Street Journal report. Meanwhile, GM recently raised the price of its GM Hummer electric pickup by $6,250, putting the cost of the truck in the range of $85,000 to $105,000.
EVs Aren’t That Cheap Afterall; Here’s Why
Tesla (TSLA), General Motors (GM), and Ford (F) have been raising the prices of their electric vehicles (EVs). It turns out there is more than one reason for the hikes, and the outcome may not be all that desirable. A series of price hikes has driven the cost of Tesla''s high-end variant of its top-selling Model Y SUV car up by 9% in 2022, according to a Wall Street Journal report. Meanwhile, GM recently raised the price of its GM Hummer electric pickup by $6,250, putting the cost of the truck in the range of $85,000 to $105,000.