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Tesla and BYD electric vehicle price war shows EV price cuts are a trend, not a fad – The Driven

Tesla and BYD electric vehicle price war shows EV price cuts are a trend, not a fad – The Driven

Tesla’s recent price cuts, which have driven other carmakers to also cut prices, have been marked down by some as just a short term stunt.But some analysts believe the price cuts are just the beginning of a long term trend as the EV market moves towards maturity. And that’s good news for consumers.The price war between Tesla and BYD has been focused mainly on the China market, but is now starting to be felt elsewhere, with price cuts – albeit… 

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