We've chewed this piece of gum many times in various threads about why prices are higher. It's many different things in a fairly short period of time: Consumer spending going ballistic during covid, corporate greed, inflationary pressures on inputs (materials, wages), higher demand due to a sudden spike in fuel prices following Russia invading Ukraine, anticipation of tax incentives (US), broader acceptance of BEV's being a viable replacement for ICE vehicles, Y production ramping up and instantly becoming a top seller, to name the top of mind ones, I'm sure there are more.Well... lithium, cobalt, nickel prices skyrocketed 400% at one point.
EV makers Hyundai and Kia barely raised their prices an inch. Ford jacked up their prices $8K-10K like Tesla from 2021 to 2023. Chevy did the opposite and cut prices by $6300.
Pinning it on single reason is false and reductive logic.
Chevy probably cut to spur demand for the Bolt after their (suppliers) battery fiasco, and they were selling at a steep discount even before that due to overall weak demand, at least in my area.
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