New EVs obtained a little bit dearer in April, and customers noticed fewer offers than earlier than, based on new estimates from Cox Automotive’s Kelley Blue Ebook.
In April, the common transaction value (ATP) for a brand new EV climbed to $59,255. That’s up 3.7% from the identical time final yr, and barely greater, 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 vehicles has been steadily climbing.”
On the similar time, incentives took one other dip. They made up simply 11.6% of the common EV transaction value in April, down from 13.9% after they peaked in November 2024. This marks the second month in a row that EV incentives have declined.
Tesla led the best way in Could, promoting greater than 45,000 EVs – its greatest efficiency of the yr to this point. 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 yr over yr.
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 yr, signaling a possible cool-off for the controversial pickup.
Total, new EV gross sales in April have been down almost 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 Mannequin 3 and Mannequin Y costs rose greater in March as gross sales fell
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