For a few years there’s been that message that BEV prices will drop significantly. Here it comes.
As popularity rises competition for customers will increase and those who built a bank account on high pricing will now have the opportunity to cut the fat and prices. Meanwhile the legacy manufacturers are going to have to pull up their socks and live with the cuts. For owners, it’s not great news, Lease companies will anticipate huge depreciation and put up the monthly pricing, owners will find that their car they paid heavily for will be worth significantly less than they thought when they bought it but the gap between old and new will not have grown massively.
Once it’s done we may lose some who thought the prices would cover some heavy investment before the drops came. What we will have is a selection of high quality vehicles (in the main) at prices that will be more than competitive with their ICE counterparts.
I'm Autistic, if I say something you find offensive, please let me know, I can guarantee it was unintentional.
I'll try to give my honest opinion but am always open to learning.
Mark