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Ford CEO Wants to Match Price of Chinese EVs — and Plunging Battery Prices Will Help

Ford CEO Wants to Match Price of Chinese EVs — and Plunging Battery Prices Will Help

While EV sales should end the year up about 10% from 2023, the growth rate has slowed sharply. Several factors contributed to the slowdown, starting with the price premium — averaging about $10,000 more than comparable gas models. But Ford CEO Jim Farley claims the company is working up new EVs that will deliver “game-changing” prices, in line with rock-bottom Chinese brands. And a new study shows that plunging battery costs will play a major role.

Toyota Cuts Price on Slow-Selling bZ4X by $6,000

Toyota Cuts Price on Slow-Selling bZ4X by $6,000

Usually at the end of the year, there’s a push put on by a certain electric vehicle maker to sell as many of its EVs as possible. This generally includes price cuts to entice buyers. And while that EV maker might still do it, it’s another automaker looking to move some EVs: Toyota. The company cut prices on its bZ4X by as much as $6,000. Get details at Headlight.News.