After Tesla’s price cuts pulled a quarter of overall EV prices down in February, higher Model 3 prices increased EV prices in March.
According to EV transaction price data from Kelley Blue Book’s March Average Transaction Price report released today, the average price Americans paid for an EV in March was $54,021, up from a revised $53,707 in February.
EV prices in March were lower year-over-year by 9.7%, but not as low as February, which saw a 10.5% year-over-year price drop.
Tesla Model 3 transaction prices last month, at $46,169, were lower year-over-year by 5.6% but up 6.7% month-over-month.
Incentives on the Model 3 were 8.2% of average transaction prices (ATP), or $3,778. Tesla’s overall incentives were 11.8% of ATP in March but were not the highest among EV manufacturers.
In March, incentives at…