Now is a great time to buy a new electric vehicle, as makers discount last year’s stock and competition heats up across the market.But the news may not be great for those who have recently bought an EV, as the discounts will take their toll on used car values.The range now starts at $39,990 drive-away, making it one of the cheapest EVs on the market.
“There’s more models coming into Australia,” says Booth, estimating that there will be 90 new EVs to choose from by the end of the year, up from 59 in 2023. “That’s telling you the market has fundamentally changed,” he says, adding that the number crunchers in car makers had clearly realised something needed to change to hit their planned sales targets.“To sell the volumes you want to sell you can’t do it at the previous price point.”Until the end of April the company is offering up to $10,000 off the Polestar 2, which sells for about $68,000.
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