New EVs bought a bit of dearer in April, and shoppers noticed fewer offers than earlier than, in keeping with new estimates from Cox Automotive’s Kelley Blue Ebook.
In April, the typical transaction value (ATP) for a brand new EV climbed to $59,255. That’s up 3.7% from the identical time final 12 months, and barely larger, by 0.2%, than in March. Kelley Blue Ebook even revised March’s common value downward to $59,132.
Erin Keating, govt analyst at Cox Automotive, famous that “Ever since President Trump introduced auto tariffs 47 days in the past, the price of new automobiles has been steadily climbing.”
On the similar time, incentives took one other dip. They made up simply 11.6% of the typical EV transaction value in April, down from 13.9% once they peaked in November 2024. This marks the second month in a row that EV incentives have declined.
Tesla led the best way in Might, promoting greater than 45,000 EVs – its finest efficiency of the 12 months thus far. Most of these gross sales got here from the up to date Mannequin Y, which continues to dominate the US EV market. Tesla’s common transaction value rose in April to $56,120, up each month over month and 12 months over 12 months.
In the meantime, the Cybertruck, as soon as the top-selling EV priced over $100,000, had a median gross sales value of $89,247 final month. However gross sales dropped under 2,000 items for the primary time in a 12 months, signaling a possible cool-off for the controversial pickup.
General, new EV gross sales in April had been down practically 6% from March, primarily based on Kelley Blue Ebook’s early estimates. However year-to-date EV gross sales in 2025 are nonetheless up 5.4% in comparison with the identical interval in 2024.
Learn extra: Tesla Model 3 and Model Y prices rose higher in March as sales fell
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