Electric Vehicle Prices Going Up - But There Are Still Good Deals Available
The electric vehicle market has been booming lately and it's no surprise that prices are going up. Rivian recently announced a price increase for new orders, which is certainly not ideal for those who haven't put down deposits yet. However, there are still options available to get the 2 motor version for the original price of the quad motor. It's also worth noting that other vehicles such as houses, hockey sticks and cars have seen similar increases in recent months - except wages.
Those looking to purchase an EV SUV with 7 seats and 300 miles of range should consider the Model X similar configuration at around 110k or the Audi with low 200miles of range but only seating for 5. The Ford offers seating for 5 but comes at a higher cost. A deposit today is 100% refundable so it's worth considering if you're willing to pay that much for a vehicle. It's also important to note that when buying from any other manufacturer these days, additional dealer markups can be expected.
Subscription services for batteries are becoming increasingly popular in Asia, offering battery swap tech like NIO does. Vinfast has also built an EV from scratch in Vietnam, shipping over 999 units in their first shipment. This could be a great option for those struggling with the high costs of electric vehicles.
Overall, electric vehicles are pricey right now but there are still some good deals out there if you know where to look. With more options being made available every day, it's worth doing your research before committing to one particular model. It's also important to remember that the cost of ownership is much lower than traditional vehicles, so it may be worth investing in an EV now and saving money over time.
The electric vehicle market has been growing rapidly and prices are going up as a result. While this isn't ideal for those who haven't put down deposits yet, there are still options available to get the 2 motor version at the original price. It's also worth noting that other items such as houses, hockey sticks and cars have seen similar increases recently - except wages. Subscription services for batteries are becoming increasingly popular in Asia which could be a great option for those struggling with high costs of EVs while Vinfast has built an EV from scratch in Vietnam shipping 999 units already. Overall electric vehicles can be pricey but there are still good deals out there if you know where to look plus they offer low cost of ownership making them worthwhile investments long-term.
What are the options for those affected by the price increase for new orders?
You can still get the 2 motor version for the original price of the quad motor. Additionally, you can place a pre-order for an EVlanche or Lightning or even the Clustertruck. Alternatively, you can look into other electric SUVs with 7 seats and 300 miles of range such as the Model X, Audi, or Ford.
Are there any additional dealer markups?
No, there are no additional dealer markups. However, it is common to pay $5k-$10k above MSRP when buying an EV from any other manufacturer these days.
Are there any subscription services available for batteries?
Yes, some companies offer subscription services for batteries, similar to NIO offering battery swap tech.
Are there any other well priced EV SUVs?
The Vinfasts look like well priced EV SUVs. Vinfast was able to build an EV from scratch in Vietnam and shipped over 999 in their first shipment. They offer a 7-seater SUV with 300 miles of range for around $50k.
Are there any other options for those who cannot afford the price increase?
Yes, you can look into used EVs or lease an EV. Used EVs are becoming more popular and can be found at a fraction of the cost of a new one. Leasing an EV is also a great option as it allows you to drive an EV without having to pay the full price upfront.