Like Other Automakers, Tesla's Electric Vehicles Are Expected to Keep Rising in Price

Like Other Automakers, Tesla’s Electric Vehicles Are Expected to Keep Rising in Price

Written by Fabio Lucas Carvalho

Published on 23/05/2022 at 23:24

Créditos da imagem: Tesla

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Electric Vehicles Will Become More Expensive. Experts Worry That Price Increases Will Delay the Growth of the Electric Car Market

The electric vehicle market is constantly expanding, with billions in investments worldwide, with Tesla as the market leader. A major issue in the segment is the high price, with electric cars sometimes being more expensive than gasoline cars. If it is already expensive abroad, in Brazil, the wallets of consumers suffer even more.

Electric Car Prices Are Increasing

Companies like Tesla, Rivian, and Cadillac are raising their product prices. The main reasons are changes in the global vehicle market situation and rising costs of the commodities needed to manufacture essential components of EVs.

In recent years, the price of electric vehicle batteries has been declining, but this situation may change soon. Experts project a significant increase in demand for minerals essential for battery construction. If the forecast holds true, batteries could become up to 20% more expensive.

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Tesla Raises Prices

Billionaire Elon Musk’s company has had to increase vehicle prices several times in recent months. A large number of Teslas today are significantly more expensive than at the beginning of last year.

The cheapest “Standard Range” version of the Model 3, the company’s most accessible vehicle, now has a starting price of US$ 46,990 in the US, a 23% increase from the US$ 38,190 it sold for in February 2021. Even so, Tesla holds 75% of the electric vehicle market.

GM reported last month that it expects commodity prices to cost around US$ 5 billion for the company. This number is double what the company initially predicted. Ford’s flagship vehicle is the F-150 Lightning, which the company has kept prices stable for in the United States. However, the company has made it clear that it is subject to increases due to commodity prices.

How Much Does a Tesla Cost in Brazil

In the country, buying a Tesla vehicle is still quite bureaucratic and expensive. Since Elon Musk’s company does not have factories in the country, the only way is through Direct Imports, significantly raising the vehicle’s price. Taking various factors into account, a Tesla electric car costs between R$ 500,000 and R$ 2 million in Brazil.

Like Other Automakers, Tesla’s Electric Vehicles Are Expected to Keep Rising in Price

Electric Vehicles Will Become More Expensive. Experts Worry That Price Increases Will Delay the Growth of the Electric Car Market

Electric Car Prices Are Increasing

Tesla Raises Prices

How Much Does a Tesla Cost in Brazil

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Like Other Automakers, Tesla’s Electric Vehicles Are Expected to Keep Rising in Price

Electric Vehicles Will Become More Expensive. Experts Worry That Price Increases Will Delay the Growth of the Electric Car Market

Electric Car Prices Are Increasing

Tesla Raises Prices

How Much Does a Tesla Cost in Brazil

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

Chinese SUV arrives in Brazil for R$ 175,000 with a 1.5 turbo flex engine of 180 hp, 20-inch wheels, and 0 to 100 km/h in 7.7 seconds, but the new mechanical set becomes the big question.

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New phone with a giant 8,000 mAh battery, promising up to three days away from the charger and military-grade durability, is launched by Realme in India; meet the Realme 16T.

Poland cut the Vistula Peninsula to no longer depend on the Russian passage in the Baltic Sea, but the billion-dollar canal inaugurated in 2022 still faces shallow lagoon, low cargo ship traffic, and the need for constant dredging to function as a commercial route.

Chinese SUV arrives in Brazil for R$ 175,000 with a 1.5 turbo flex engine of 180 hp, 20-inch wheels, and 0 to 100 km/h in 7.7 seconds, but the new mechanical set becomes the big question.

What was destined for disposal can nourish crops: UFMG research transforms agro-industrial waste into sustainable fertilizer.