Bad news can also be good news. Is that the imminent final of the federal tax credit to the purchase of electric vehicles promoted by Ex President Joe Biden And some Greater price cuts increased the sales in Julyaccording to Pras Subramanian en Yahoo Finance.
He Kelly Blue Book de Cox Automotive He estimates that sales of electric vehicles were solid in July, initially estimated as the second best month in history, with sales higher than 130.000an increase in 20% With respect to the previous year. The official KBB count for July will be published next week.
But it was not only the expiration of the tax credit that promoted buyers to buy electric vehicles. They were also the price cuts.
KBB reports that Average transaction price (PTP) For new electric vehicles it was 55,689 dollarsand 2.2% less than in June and a 4.2% less than a year ago.
Teslathe largest seller of electric vehicles in the US. UU., led the price cuts. He Annual acquisition price (ATP) of Tesla in July was from 52,949 dollarsand 2.4% less than in June and a 9.1% less than a year ago. KBB indicated that Tesla incentives in July were also greater, which promoted sales compared to June, but an interannual decrease. KBB indicated that a greater combination of Model 3 cheaper basics and SUV Model and reduced the general ATP of Tesla.
For the industry in general, the Average incentive package for electric vehicles (VE) reached the 17.5% of the ATP in July, which, according to KBB, represented a record in the modern era of sales of electric vehicles, and an increase of more than 40% compared to last year.
«It was expected that the urgency generated by the government’s decision to eliminate incentives for electric vehicles backed by the Government and the era of individual retirement accounts (IRA) will generate a great demand for short -term electric vehicles,» he said Stephanie Valdez Streat, Senior COX Analyst Automotivein a statement. «At this rate, the third quarter will be the best in history and even more, since buyers will launch before large incentives are exhausted.»
As for Tesla, its website shows that Model and In the US four to six weekscompared to one to three weeks earlier this summer. Tesla also increased model lease prices and 14%, suggesting that it has a certain price setting power as the vehicle demand increases.
The next step in the demand of Tesla could reach when the company presents its supposed cheaper electric vehicle, which according to the company will arrive after the federal tax credit expires. Tesla fans probably didn’t be glad to know that Executive Director Elon Musk confirmed that it would be basically a Reduced version of Model andnot the long -awaited «Model Q» hatchback predicted by analysts German bank.
Musk himself warned that, after the end of the tax credit, the company would face «some difficult quarters.»
Tesla It quotes down on Tuesday afternoon at 334.27 dollars. 70 and 200 periods are under the two weekly candles, down the 56 points and the MACD lines just above the zero level.
Medium -term resistance is found at $ 367.72. Meanwhile, EI indicators are mostly bullish.