What is the average price of an electric car in 2022?

Electric cars, with all the charm and noise they have created in the last few years, still do not have a large share of the global market. But one of the most important questions that occupy the mind of every buyer or even fan is what is the average price of a good electric car now?

BingMag.com What is the average price of an electric car in 2022?

Electric cars, with all the charm and noise they have created in the last few years, still do not have a large share of the global market. But one of the most important questions that occupy the mind of every buyer or even fan is what is the average price of a good electric car now?

In the past decade, electric cars have gained amazing popularity. They undoubtedly owe this to Tesla and its innovations in the field of automobile manufacturing. This company, under the management of Elon Musk, is one of the leading car manufacturers in the field of electric vehicle production and has long taken the major share of this emerging market.

Of course, other brands such as Rivian, following the example of Tesla's success and introducing The new models of their cars this year were able to increase the value of their shares significantly. However, due to inflation, the average price of an electric car has increased significantly.

What should the average price of an electric car be in 2022?

According to Kelly Blue Book, the leading price consultancy in the US, estimates the price of an electric car in the US to be $66,000 in August 2022. This amount compared to the average price of an electric car in 2021 was accompanied by a growth of 13%, which indicates the rapid growth of the demand for this type of car. or are looking for a way to escape the exorbitant costs of fossil fuels, it has become an attractive technology. However, with such a high price, the middle class of the American society (and even other countries) may not be able to afford an electric car. To better understand this issue, it is not bad to mention that in the second quarter of 2022, the average salary in the United States was announced at 54,000 dollars. According to the same report, the average base price of the top 10 models of electric cars In August 2022, it was equal to 60 thousand 500 dollars, the products of all car manufacturers, except Tesla, have been associated with an increase in price. This price increase is a significant increase compared to the average price of electric cars in January 2020, which was $54,668.

Why did the price of electric cars increase?

BingMag.com What is the average price of an electric car in 2022?

One of the most disturbing trends in the car market is that the pricing of electric cars has gone in the wrong direction and is increasing day by day. With the increase in the price of gasoline, many people showed the desire to replace their car with an electric car, but the price of the electric car is still the biggest obstacle in their way. Nothing has materialized and prices are still on an upward slope. In fact, according to an analysis conducted by iSeeCars, the price of used electric cars has increased by 3.54 percent, while the price of gasoline cars has been accompanied by a much smaller increase of 1.10 percent.

But why have the price of electric cars increased so much?

Global shortage of chipsets

One of the biggest reasons for the increase in the price of electric cars is related to the global shortage of chipsets (caused by the Corona crisis), which It caused major problems for the supply chain of electronic product companies around the world and affected global car sales. Companies like Tesla have raised prices several times this year, and even new entrants Markets such as Lucid Motors or Rivian started to increase their prices. The Rivian R1T model was introduced with attractive features to justify this price increase. Even the company with the history of Ford increased the price of its products this year.

Increase in the price of raw materials

Many automakers have said that the increase in the price of raw materials is the main reason for the increase in the price of electric cars. . At the beginning of 2020 and with the spread of the Covid-19 disease all over the world, the price of raw materials skyrocketed and faced many problems in the supply chain of companies.

As a result, some companies either had to increase prices. or they would sell their products at a loss. In fact, according to CNBC, the chief financial officer of Ford Motor Company announced at a conference held in June that the Mustang Mach-E, which is considered one of the flagships of this renowned car manufacturer, is no longer profitable.

Calculation of costs Irrevocable

Irrevocable costs (also known as wasted and sunk) are the costs that a business spends before starting a new project and are mainly dedicated to research and development. . Many car manufacturers still conduct research and development for their new models, which makes R&D one of the most expensive departments, taking billions of dollars.

In short, companies cannot afford to spend. return the non-returnable, but to compensate the capital that They spend in these sectors, they try to increase the price of flagship cars in order to compensate for the loss and not fall behind the latest technologies.

This increase in expenses in the research and development sector is not immune to inflation, and this is the same factor. It also increases the reason for the increase in the price of electric cars to take a steeper slope.

What factors are effective in the pricing of cars?

In addition to the usual factors of the car market such as supply and demand, there are many other factors. They also affect the price of an electric car:

  • Features: The more features and facilities an electric car has, the higher its price will be.
  • Battery suffering: The cost of electric car batteries also has an important effect on their pricing. Most of the car manufacturing companies offer different versions and the longer the battery range, the higher the price of the car. Other countries such as China and Vietnam supply, among the most important of which, chips and prefabricated parts can be mentioned. This import and supply of parts also affects the price increase.
  • Subsidies: Many governments provide subsidies to electric car manufacturers due to the strengthening of environmental protection programs, which can be effective in reducing the price.
  • Dealers: When dealers notice a shortage in the supply sector, they increase costs, which will lead to an increase in the final price of the car.

Comparison of the price of a luxury electric car with a standard electric car

BingMag.com What is the average price of an electric car in 2022?

should not He forgot the important point that there is a significant difference in the price of a luxury electric car and a standard electric car. For example, the cheapest electric car of 2022 so far is the Nissan Leaf, which costs $27,400. Chevrolet Bolt is another popular electric car that is priced at $31,000.

On the other hand, the cheapest Tesla model this year is the Tesla Model 3, which after the price increase, its price is $46,990. it is arrived. The most expensive version of this car costs $69,000!

On the other hand, there are luxury car manufacturers who are trying hard to increase the demand for their products. Porsche Taycan S Cross Turismo is one of these models that is currently sold at a staggering price of $187,700.

Lucid Air Grand Touring Performance Package is another model from Lucid company that is now priced at $179,000. On the other hand, the most expensive Tesla product this year is the Tesla Model S Plaid, which is priced at $131,990, and the Model X Plaid is sold at the same price. place, they have more freedom to increase the price of their electric cars, because the demand community for this category of products does not show much sensitivity to the price increase. Electric car manufacturers should switch to backorder sales model. Backorder sale is a type of sale that will be done as soon as the product is available in the store.

It seems that the increase in the price of electric cars will continue

Despite all the repeated claims of the automakers for Aram Making the general public protest against the increase in prices, it is expected that the price of electric cars will continue to increase in the next few years and then stagnate.

In 2023, new models will enter the market that will undoubtedly have higher prices. Compared to the current models, they may even end up being more expensive than the experts predicted. Due to the subsidence of the spread of Corona worldwide and the new life that has been breathed into the body of the global markets, many activists of the automotive industry are trying to offer different options to overtake one another, one of which will be the increase in the price of electric cars. It was at a time when the price of fossil fuels is increasing as a result of political crises in the world, and this issue can affect the opinion of market users in developed countries as well as energy importers and encourage them to buy electric cars. p>

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