WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 282
Market Data
Customers
ENERGY IN
THE REGIONS
HOME
Solar panel cost, average EV cost, average cost of electricity
In Jul 2023, the price of EV dropped by 18% primarily due to the steadily improved inventory
• In Jul 2023, The price of EV dropped by 18%
primarily due to the steadily improving inventory
FIGURE 7
• With increased inventories and higher incentives
driving prices down, there are compelling
reasons for shoppers to consider returning to
the market
Average EV Transaction Price, USA | Jul 2019-Jul 2023
All Figures in Thousands $
• The average price paid for a new electric vehicle
(EV) dropped in Jul 2023 by 2.3% compared to
Jun 2022 ($68,206). The price increased by 16%
versus Jul 2021
65.1
57.3
56.1
53.5
Source: Kelley Blue Book
Jul-20
Jul-21
Jul-22
Jul-23
282
Jul-19
WEMO 2024
47.0
