I'm thinking that EV's are going to "drop" in price by $7500 whether by MSRP or rebates on Oct 1.

 

I dunno. I think that if manufacturers could lower the prices that much they would, just to move units that are slow sellers.

I do agree that it's going to give them some incentive to work to reduce cost.

 

And Tesla still retains the gorilla in the room.

 

But Tesla is facing tougher and tougher competition every year.
In my opinion, they are still acting like there the competition doesn't affect them much - but it does.

 

Government subsidies played a key role at the beginning in convincing new-vehicle buyers to get an EV instead of a good old ICE.

But as EVs prove themselves, become ubiquitous, consumers become familiar with the new technology, infrastructure expands and other automakers enter the category, subsidies stop playing as key a role as they did at the beginning, until all they do is inflate MSRPs.

When government officials introduce subsidies, they should include a pre-planned, gradual phase-out. Easier said than done, no doubt. But there are ways to include a "soft" phasing-out period that can be recalibrated as time approaches.

 

I agree with Aldo. I do think the phase-out should have taken longer and been softer, e.g. dropping to $2,500 for a year, and then zero. But then, at least they didn't drop it retroactively, like all the grants and payments given to, um, almost everyone.

8.9% share for EVs apparently.

 

I agree with Aldo. I do think the phase-out should have taken longer and been softer, e.g. dropping to $2,500 for a year, and then zero. But then, at least they didn't drop it retroactively, like all the grants and payments given to, um, almost everyone.

8.9% share for EVs apparently.

In reality the end of subsidies for many EVs and PHEVs was 8/16/2022, another restriction in 1/1/2023, then another drop down occurred on 4/18/2023.
Many purchasers after those dates either no longer could get a credit or saw reduced credits. Leases faired a bit better. So it has been somewhat of a phase out over the past few years. Now they just pulled the plug on the relatively few vehicles that still qualified.

edited to clarify dates

 

Quite a few cars did still qualify, though.

 

Interesting....only 1,200 Wagoneer S's registered.
That sounds like includes purchases and leases?
Registrations, total, right?

Oooph, that's not much. But it doesn't surprise me, with so much news of them breaking right out the gate.
In July, the dealer by me had several on their lot, and two in the show room.
This past Friday, they had 1 in stock online, and NONE in the showroom.
They moved some used BMWs in the Jeep section, instead!!!

 

I spoke with a dealer who said it takes two or three days to sell a Wagoneer S, and their only problem is supply. They can't get them. Same with the Charger, I think they said they'd gotten exactly one of them, as of last month.

I'll have to ask my own dealer what's going on.

It almost sounds like Stellantis is hobbling their own sales by keeping production at a crawl, possibly because, with 15% (?) tariffs from Mexico (?), they are losing money on each one? Or not. Maybe they have limited battery production. I don't think their own North American battery plants are up yet? For all we know, they're limited because the sale factory is selling batteries to other automakers for popular vehicles, and production will ramp up when the rebate's over

 

Can't speak about Wagoneer S, but 2024 and early 2025 Chargers were sitting unsold around here for months.

To be fair, MSRPs were ridiculous and STLA did barely any marketing. It wasn't until Filosa came with a knife and slashed prices left and right that the inventory glut finally cleared.

I wouldn't be surprised if STLA is now gun-shy about producing "too many" EVs, which would only mean that it learned the wrong lessons...

 

Learning the wrong lessons is something they're good at, and I asked about them after the price cuts, I think.

 

Interesting....only 1,200 Wagoneer S's registered.
That sounds like includes purchases and leases?
Registrations, total, right?

Oooph, that's not much. But it doesn't surprise me, with so much news of them breaking right out the gate.
In July, the dealer by me had several on their lot, and two in the show room.
This past Friday, they had 1 in stock online, and NONE in the showroom.
They moved some used BMWs in the Jeep section, instead!!!

Wasn't that the same move that got them in so much trouble in the mid 00's to the point that the parent Chrysler ended up dropping a bunch of dealership charters?

I spoke with a dealer who said it takes two or three days to sell a Wagoneer S, and their only problem is supply. They can't get them. Same with the Charger, I think they said they'd gotten exactly one of them, as of last month.

I'll have to ask my own dealer what's going on.

It almost sounds like Stellantis is hobbling their own sales by keeping production at a crawl, possibly because, with 15% (?) tariffs from Mexico (?), they are losing money on each one? Or not. Maybe they have limited battery production. I don't think their own North American battery plants are up yet? For all we know, they're limited because the sale factory is selling batteries to other automakers for popular vehicles, and production will ramp up when the rebate's over

That's.....interesting. I feel like the EV charger as a 4 door would actually sell pretty decently.

 

That's.....interesting. I feel like the EV charger as a 4 door would actually sell pretty decently.

I believe the pricing would have it at 57k? That’s 6k more than my 17’ 392 was new. For another 200hp and awd? deal!

 

Gee, I wonder why Tesla might be losing EV market share? Hmm...

 

"Competition" is the current nonpolitical reason, so let's say that, regardless.
(Also, an intelligent buyer would ask whether a $1 trillion payout to Elon Musk, approved by the board, might have any effect on replacement parts and warranty repairs in the future.)

 

Yes, another 200 hp, AWD, and much lower “fuel” costs if you charge at home... but downside of electric door handles and electronic non-tactile controls!