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Electric Vehicle Prices Rise as Automakers Reduce Discounts
Prices for electric vehicles (EVs) are increasing again as automakers begin to pull back on discounts and incentives. This trend marks a shift after a period of price reductions aimed at boosting EV adoption.
14 Aug, 19:35 — 14 Aug, 19:35
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Business InsiderMostly Factual17d ago
EV prices are rising again as automakers pull back on discounts
The average transaction price for EVs rose for the first time in six months, according to KBB. Justin Sullivan/Getty Images The average transaction price for EVs was $56,126 in July, according to Kelley Blue Book. That's a 1.6% increase compared to July 2025. It's the first EV price rise of 2026, KBB said. There are two main reasons: fewer EVs on dealership lots and higher gas prices. For the first time in 2026, EV prices are rising. In July, the average transaction price for a new fully el...
Read full article →YahooMostly Factual17d ago
EV prices are rising again as automakers pull back on discounts
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First report: Business Insider · 14 Aug, 19:35|Full coverage: 2 · 0m|Window: 0m
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