Car Business Might Tumble if EVs Price Don’t Reduce
Prices for electric vehicles skyrocketed these days which for example Tesla Inc. increased prices by as much as RM26,000 ($6,000) per car this month, following similar hikes earlier this year from Rivian Automotive Inc. and Ford Motor Co.
In international market, electric vehicles are getting an average price over RM 264,000 ($60,000) as Tesla, Rivian, Ford elevate their prices.
Stellantis believes that car businesses will get severely affected if there is no price reduction towards electric vehicles.
Meanwhile, Fiats and Peugeots makers are organizing to produce some parts in-house and pressure suppliers to cut the price of their products.
Apart from pressed by buyers demand and rising costs are charging more for EVs, automakers are raising the prices due to runaway raw-material costs, which Ford sees as a RM18 billion ($4 billion) gusty for the company this year.
Written By
Jesica Sendai
from 9 to 5 grinder to 'racing' her way in the automotive industry through editorial work.
JPJ Running Numbers
KUALA LUMPUR
VQT3592
SELANGOR
BSP781
JOHOR
JYU4826
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PSB3029
PERAK
APG5209
PAHANG
CFG1610
KEDAH
KGF2308
NEGERI SEMBILAN
NEK146
KOTA KINABALU
SJR2985
KUCHING
QAB5302N
Last updated 13 Apr, 2026
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Last updated 26 Feb, 2026
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