Tesla leads 11% annual drop in EV prices as demand slowdown continues

People in the market for a new electric vehicle may be looking at a bargain of sorts, particularly if they aim to get a new Tesla. The average U.S. price of a new EV in January was $55,353, down 10.8% from January 2023, Kelley Blue Book said Tuesday. That is 3.2% higher, however, than the December average of $53,611, which was the lowest average price for an electric car in the past 12 months.“EV prices have come down significantly in the U.S. in the past year, led by price cuts at Tesla,” said Mark Strand, ...