Electric car prices are falling, but these 4 models are still selling above sticker price
The
Cadillac Lyriq.
Cadillac
Electric vehicle price declines have been long-awaited by car shoppers, and we’re finally starting to see some respite.
Electric cars were going for about $50,000 last month — still more than the industry’s overall average of $48,000, per Kelley Blue Book — but significantly less than the $65,000 price tag a year earlier.
At least 20 EVs are going for below sticker price just from money being taken off at the dealership, according to Edmunds data. Buyers can get some electric cars for as much as 12% off the MSRP (manufacturer’s suggested retail price).
On top of that, incentives on EVs are at a record high, with some automakers dropping the price of their EVs by an additional 9.8%.
These deals and discounts are largely a function of EV inventory building up on dealership lots.
But while the prices of most EVs are coming down, there are a few that have stayed resilient, Edmunds data suggests.
Cadillac Lyriq
The Cadillac Lyriq.
Cadillac
Average sticker price: $64,414
Average transaction price: $65,510
Average markup: 0.1% or $96
Chevrolet Bolt EUV
Average sticker price: $33,094
Average transaction price: $33,304
Average markup: 0.6% or $210
Chevrolet Bolt EV
Average sticker price: $30,540
Average transaction price: $31,030
Average markup: 1.6% or $490
GMC Hummer EV
The GMC
Hummer EV Edition 1.
Tim Levin/Insider
Average sticker price: $120,879
Average transaction price: $126,513
Average markup: 4.7% or $5,634
