Opinion
Electric cars are cheaper than ever – and that’s bad for their owners
But over the next 12 months, the advantage will move back to the buyers. For rental companies, and individuals, that’s going to be the ideal time to buy.
David FicklingHere’s some good news for electric cars: They’re cheaper than ever. Here’s some bad news for electric cars: They’re cheaper than ever.
If this sounds like a paradox, it shouldn’t. On Friday, Tesla cut prices in China for its best-selling Model 3 sedan by 5.9 per cent, lowering the starting price to 245,900 yuan ($53,015). That pushes the cost of a new vehicle to $US34,300, which is below $US35,000 – a fabled level that Elon Musk has been promising since 2016, but (mostly) has failed to deliver.
Bloomberg Opinion
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Cars, bikes, boats
Fetching latest articles