A closer look at “EV Prices Rise in September, But Still Lower Than Last Year: Cox Automotive”, exactly as the source publishes it. Electric vehicle buyers faced a setback in September as average transaction prices rose and incentives shrank, according to Cox Automotive. The average EV price increased by 1.8% from August to $56,351, though that remains 10.8% lower than a year earlier. Incentive packages also dipped to 11.9% of transaction price, down from a peak of 15.2% in June. The shift suggests automakers are easing off aggressive discounting as inventory levels normalize.
Still, EV prices are far below the $63,000+ averages seen in 2022, making them more accessible than before. With more affordable models arriving, the long-term trend toward price parity with gas cars continues, but monthly fluctuations may persist. Nova Global News curates publicly available headlines and summaries with source attribution. The full version stays on the original page, which this listing opens directly.