{"id":2093357,"date":"2023-11-07T19:12:01","date_gmt":"2023-11-08T00:12:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/electric-vehicle-manufacturers-forced-to-slash-prices-as-consumers-send-a-clear-message\/"},"modified":"2023-11-07T19:14:43","modified_gmt":"2023-11-08T00:14:43","slug":"electric-vehicle-manufacturers-forced-to-slash-prices-as-consumers-send-a-clear-message","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/electric-vehicle-manufacturers-forced-to-slash-prices-as-consumers-send-a-clear-message\/","title":{"rendered":"Electric Vehicle Manufacturers Forced to Slash Prices as Consumers Send a Clear Message"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felectric-vehicle-manufacturers-forced-to-slash-prices-as-consumers-send-a-clear-message%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2093357&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Demand for Electric Vehicles Plummets, \u2063Leading\u200b to\u200d Price Cuts \u200band Incentives<\/h2>\n<p>The Wall Street Journal reported that electric vehicle manufacturers and sellers \u200dare facing a \u2064decline in sales and are now resorting \u200dto\u200c price cuts and other incentives to\u2064 address the issue\u2062 of unsold cars.<\/p>\n<p>According to\u200d Edmunds\u2062 analyst\u200b Joseph \u2063Yoon, there was a miscalculation about the demand and desirability of electric\u2064 vehicles.<\/p>\n<p>To combat the waning demand, companies\u2064 like Hyundai Motor and Ford Motor are offering \u2062cash-back offers of\u200b up to\u2063 $7,500 \u2063for select\u200d vehicles. Ford has\u2063 also reduced the price\u2064 of its Mustang Mach-E SUV.<\/p>\n<p>Other manufacturers\u200d are providing attractive leasing options, including lower\u200c installments\u2063 and \u200dshorter lease lengths.<\/p>\n<p>Tesla has \u200balso joined the price-cutting trend, reducing prices on some models by around a third.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Tesla Model 3 is now CHEAPER \u2063than a Toyota\u2064 Prius.<\/p>\n<p>Tesla \u2064has just lowered lease pricing for their Tesla Model \u200d3 and Y models in \u200bthe US.<\/p>\n<p>The\u2064 Tesla Model\u200c 3 is\u200b now $329 per\u200b month \u200bwith $4,500\u200b down, \u200c36-month\u2063 term, and \u200c10,000 miles per year.<\/p>\n<p>The \u2062Tesla Model\u2062 Y is now $399 per month\u2026 <a href=\"https:\/\/t.co\/FkEUMU6xbz\">pic.twitter.com\/FkEUMU6xbz<\/a><\/p>\n<p>\u2014 Farzad Mesbahi (@farzyness) <a href=\"https:\/\/twitter.com\/farzyness\/status\/1712511445064196386?\">October 12, 2023<\/a><\/p>\n<\/blockquote>\n<p>In response to \u200dcompetitive realities, Fisker announced a price reduction of $7,500 on its recently launched Ocean Extreme SUV.<\/p>\n<p>Experts believe that the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/electric-vehicle-manufacturers-forced-to-slash-prices-as-consumers-send-a-clear-message\/\" title=\"Electric Vehicle Manufacturers Forced to Slash Prices as Consumers Send a Clear Message\">price \u2064cuts reflect consumers&#8217; reluctance<\/a> to pay premium prices\u2062 for electric vehicles.<\/p>\n<p>Data from\u2064 Edmunds revealed that customers received an\u200c average\u2064 discount\u2063 of $2,000 and paid $930 less than\u200d the list price when \u200bpurchasing an\u2064 electric vehicle in September.<\/p>\n<p>However, there are\u2063 concerns that the price reductions may not <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-extends-9-billion-more-of-student-debt-relief-to-125000-borrowers\/\" title=\"Biden grants additional B in student debt relief to 125K borrowers.\">ensure <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nasa-accuses-china-of-failing-to-clean-up-space-junk-after-rocket-careens-back-to-earth\/\" title=\"NASA Accuses China Of Failing To Clean Up Space Junk After Rocket Careens Back To Earth\">long-term sustainability<\/a><\/a>.<\/p>\n<p>A report from the Texas Public\u200c Policy Foundation found that \u200cwithout subsidies, the true cost of fueling\u2064 an electric vehicle amounts to $17.33 per gallon \u200cof gasoline.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The study from \u200dthe Texas Public \u200cPolicy Foundation (TPPF) found, for example, that \u2064the average \u200c2021 \u2064electric vehicle \u200c\u201cwould cost $48,698 more to \u2064own over a 10-year period without $22 billion in government favors \u2064given to EV\u200d manufacturers and owners.\u201d <a href=\"https:\/\/t.co\/bu1hwp7Sma\">https:\/\/t.co\/bu1hwp7Sma<\/a><\/p>\n<p>\u2014\u200c Bud Brigham (@bmbrigham)\u200b <a href=\"https:\/\/twitter.com\/bmbrigham\/status\/1717909691441811525?\">October 27, 2023<\/a><\/p>\n<\/blockquote>\n<p>The \u200cstudy emphasized\u2062 that the economic viability of electric vehicles relies heavily on subsidies and regulatory credits.<\/p>\n<p>Despite the price cuts, concerns remain about the \u200blong-term sustainability of the \u2063<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-minority-leader-mcconnell-infrastructure-plan-is-lumped-up-list-of-leftist-priorities\/\" title=\"Senate Minority Leader McConnell: Infrastructure plan is lumped up list of leftist priorities\">electric vehicle market<\/a>.<\/p>\n<hr>\n<div class=\"author_subscription_pitch\">.author_subscription_pitch p{margin:5px;}<\/p>\n<p><em><b>A Note from Our Founder:<\/b><\/em><\/p>\n<p><em><span style=\"font-weight: 400\"> <\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Every morning, we at The Western Journal wake up and pursue \u2064our mission of giving you the important\u200b information \u2063you need about what\u2019s happening in America.<\/span><\/em><\/p>\n<p><em><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><b>We can\u2019t do that without\u2063 your help<\/b><\/a><b>.<\/b><\/em><\/p>\n<p><em><span style=\"font-weight: 400\"> <\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">America has been on the receiving end of false narratives. \u200dThe \u2062purpose of these false narratives \u200cis to\u200c make you feel\u200d powerless. \u2064The Western\u2063 Journal empowers you by breaking these false narratives.<\/span><\/em><\/p>\n<\/p>\n<p><em><span style=\"font-weight: 400\">But I wouldn\u2019t be honest\u2062 with you today if \u200dI didn\u2019t let you know that the future of The Western \u2063Journal is in \u200bjeopardy<\/span><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"> <span style=\"font-weight: 400\">without your help<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\"> <\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Silicon Valley and the Big Tech tyrants have done everything they can to put The Western Journal out of business. Our faithful donors \u2063and subscribers have kept us going.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">If you\u2019ve never chosen to \u2064donate, \u2064let me be honest:<\/span><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"> <span style=\"font-weight: 400\">We\u2063 need your help today<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Please don\u2019t wait one minute.<\/span><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"> <span style=\"font-weight: 400\">Donate right now<\/span><\/a><span style=\"font-weight: 400\">  \u2062 \u2013 our situation in America \u200bis dire. Our country hangs by a thread, and The Western Journal stands for truth in\u2062 this difficult time.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\"> <\/span><\/em><\/p>\n<p><em><b>Please stand with us by donating today.<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400\">Floyd G. Brown<\/span><span style=\"font-weight: 400\"><br \/>\n<\/span><span style=\"font-weight: 400\">Founder of The Western Journal<\/span><\/em><\/p>\n<\/div>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/electric-vehicle-manufacturers-forced-slash-prices-consumers-send-clear-message\/\">Electric Vehicle Manufacturers Forced to Slash Prices \u200cas Consumers Send a Clear Message<\/a> \u200d appeared first on \u2062 <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/p>\n<p> <\/p>\n<h2> What are the benefits of becoming\u200d a subscriber to The Western Journal?<\/h2>\n<p><span>  An>. 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Thank you. &#8211; Floyd Brown, Founder<\/span><\/em><\/p>\n<hr>\n<div class=\"author_subscription_pitch\">.author_subscription_pitch p{margin:5px;}<\/p>\n<p><em><b>A Note from Our Founder:<\/b><\/em><\/p>\n<p><em><span style=\"font-weight: 400\"> <\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Every morning, we at The Western Journal wake\u2062 up and pursue \u2064our \u2062mission \u200dof giving you the important\u200b \u200dinformation \u2063you \u2062need about \u200cwhat\u2019s happening in America.<\/span><\/em><\/p>\n<p><em><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><b>We \u200ccan\u2019t do that without\u2063 your \u2063help<\/b><\/a><b>.<\/b><\/em><\/p>\n<p><em><span style=\"font-weight: 400\"> <\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">America\u2064 has been \u2063on the\u200c receiving\u2062 end of false narratives. \u2062\u200dThe \u2062purpose of these false narratives \u200cis to\u200c make you feel\u200d powerless. \u2064The Western\u2063 Journal empowers you \u200bby breaking these \u200bfalse narratives.<\/span><\/em><\/p>\n<\/p>\n<p><em><span style=\"font-weight: 400\">But I wouldn\u2019t be honest\u2062 with you\u2064 today if \u200dI didn\u2019t let you know that\u2064 the future of \u200cThe Western\u2062 \u2063Journal is in \u200bjeopardy<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400\">That\u2019s why \u200cwe\u2019re asking you \u200bto\u200c consider becoming a <\/span><\/em><b><em><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\">subscriber<\/a><\/em><\/b><em><span style=\"font-weight: 400\">. In addition to receiving exclusive content and perks, \u200dyour subscription will help ensure the future sustainability of The Western Journal. We can\u2019t do\u200b it without\u2063 you. Join \u200bus in\u200d the fight to keep truth\u2063 alive. Thank you. &#8211; Floyd Brown, Founder<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Demand for electric vehicles is on the slide. The Wall Street Journal reported that amid a decline in the sales of electric vehicles, manufacturers and sellers are resorting to price cuts and other incentives to help reduce the buildup of unsold cars. \u201cI think there was a miscalculation about demand and how much EVs would<\/p>\n","protected":false},"author":2195,"featured_media":2093358,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2093357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2093357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2195"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2093357"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2093357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2093358"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2093357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2093357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2093357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}