Without Tesla in the mix, EV prices actually went down last month, but you can’t have it both ways.
More than four years after its initial debut, the Tesla Cybertruck is a big influence on the electric vehicle industry, whether you like it or not. Even though only about 3,000 were sold in May, according to data from Cox Automotive, the angular pickup played a big enough part to increase the average transaction price for all EVs in the United States by 3.1% last month compared to April.
2 Million Hyundai And Kia Now Own 11% Of America's EV Sales Through May 2024 Volvo EX30 Sales Hit A New Record: 11,000 In May 2024 General Motors Had Its Best Month Ever For EV Sales In May This, in part, led Tesla’s average transaction price to jump 3.1% month-over-month to $57,369. Since January, when the average price for Tesla EVs was $51,892, it has gone up more than 10%, while the year-over-year increase is 1.5%. All of this resulted in an ATP increase for the whole industry by 2.
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