There may yet be an EV price war, but we’re not there yet.
recent move to slash prices on its Model 3 and Model Y by thousands of dollars
As carmakers push to electrify their fleets and catch up to Tesla’s lead in the market, they may now also have to compete for buyers with heavy discounts. Ford announced Monday thatThe Verge Officials at BMW, Mercedes-Benz, and Hyundai all said their companies have no plans at present to cut prices. Hyundai spokesperson Miles Johnson offered similar sentiments. “Hyundai has not taken any specific actions in response to competitor pricing changes, but we constantly evaluate the entire marketplace to ensure our vehicles are priced competitively,” he said. “Our current EVs including Kona, Ioniq 5 and the recently revealedAdditionally, “From the BMW brand side, I can tell you that there are no plans to reduce pricing for our electric vehicles,” a spokesperson for the Bavarian automaker said.
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