New EV sales were strong in November, with early estimates pointing to the second-best month ever in the US, just behind August 2024, according to Kelley Blue Book. Like the new vehicle market at large, generous incentives are driving the momentum.

The average transaction price (ATP) for a new EV in November was $55,105. That’s down 1.8% from October’s revised figure and 3.8% lower compared to November 2023.

Tesla’s ATP in November was $54,610, down 3.7% from October ($56,705) and up 4.3% year-over-year, when it was $52,375.

Incentives for EV buyers also climbed in November, hitting 14.9% of the ATP – the highest since the pandemic. That’s up slightly from October’s 14.6% and works out to more than $8,200 per vehicle, including point-of-sale government-backed incentives when applicable.

The takeaway? Lower prices and bigger incentives are making EVs more accessible, fueling strong demand in the US market.

“We have said consistently that 2024 will be the ‘Year of More’ for electric vehicles,” said Cox Automotive executive analyst Erin Keating. “There are certainly more incentives being offered. EVs right now are the best deals in the market.”

Electrek’s Take

Inventory of new cars is back at pre-pandemic levels – car lots are full – and consumers are buying them.

Trump has made it clear that he intends to cancel the the $7,500 federal tax credit, which would make the shift to electric pricier going forward. I anticipate robust December new EV sales and lease numbers as buyers scramble to secure that federal up-front tax credit.

Read more: Cybertruck reached its highest-ever average transaction price in September

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Is that a Jeep or the Ford Bronco? Jeep’s Wrangler-inspired electric SUV was spotted with a familiar look with its official debut just around the corner. Check out the latest spy photos of the Jeep Recon EV, including a first look at the interior below.

Although Jeep’s first electric SUV, the Wagoneer S, is arriving at US dealerships, many are even more excited about its second EV.

Jeep says the Recon is “inspired by the legendary Wrangler.” It was first introduced in 2022 as part of Jeep’s new global EV lineup.

The rugged electric SUV is designed to conquer any terrain, but with zero emissions and in near silence. Like the Wrangler, it will have options like removable doors and windows. Former Jeep brand CEO Christan Meunier said the Recon could “cross the mighty Rubicon Trail,” known as one of the toughest off-road trails in the US.

Not only that, Meunier claimed it can “reach the end of the trail with enough range to drive back to town and recharge.”

Ahead of its official debut, we’ve caught a glimpse of the electric SUV a few times. Last March, the first images of the Recon EV Moab 4xe leaked out of a dealer event.

Check out the new Jeep Recon EV spy photos

More recently, it was spotted with hardly any camouflage, revealing even more of a Ford Bronco-like design. After new spy photos surfaced online, the Jeep Recon EV is looking more and more like its rival as it nears its debut.

The new images from JeepReconForum reveal a prototype being tested in Michigan. It retains much of the design shown in the concept, with a rugged, boxy profile.

For the first time, the interior was almost completely uncovered. A large infotainment screen is at the center, with a smaller driver display screen. HVAC controls have also been added under the infotainment screen for easy access. Jeep included a grab bar for front passengers to give it a Wrangler-like feel.

After promising that the Recon will have “True trail-rated” capabilities with its Selec-Terrain system, it looks like Jeep will deliver.

Below the control knob, a red panel appears to be the traction interface system. Although only “Rock” and “Mud” are visible, the Recon is also expected to feature other settings like Snow, Sport, Track, and Tow modes. You can check out all the images on JeepReconForum.

The display shows 147 miles of range at 66% battery charge, suggesting around 200 miles of range. However, with the Wagoneer S promising over 300 miles range, you can expect it to be around the same, if not slightly less.

Jeep’s CEO, Antonio Filosa, confirmed that the Recon EV will use the STLA Large platform, the same one that underpins the Wagoneer S and Dodge Charger Electric.

The rugged new SUV is set to debut in early 2025. Pricing and specs will be revealed closer to launch, but Jeep’s Recon EV is expected to start at around $60,000. More expensive trims, like the Rubicon or Sahara, could cost upwards of $80,000.

Source: JeepReconForum

Tesla Cybertruck received homologation of energy consumption in China days after the automaker denied a rumor of an imminent launch.

It was less than a week ago that Tesla China’s comms team went out of its way to deny rumors that Tesla currently had plans to launch the Cybertruck in the Chinese auto market.

That’s why it is surprising to see now that Tesla has received some level of homologation for the electric pickup truck in the market.

CNEV reported Tesla received an energy consumption label from the Chinese Ministry of Industry and Information Technology:

Tesla made a filing with China’s Ministry of Industry and Information Technology (MIIT) to measure the energy consumption of the Cybertruck, and today it received an Automobile Energy Consumption Label.

It is not the entirety of the needed homologation process, but it’s a step toward that.

However, it would be surprising if there were indeed any plans to launch the Cybertruck in China anytime soon following the denial just a week ago.

Furthermore, CEO Elon Musk also threw some cold water on the prospects of a Cybertruck launch in China just a few months ago. He said that it would be hard to modify the vehicle for Chinese homologation.

On the other hand, we reported last week that Tesla has told employees working on the Cybertruck production line at Gigafactory Texas to take a few days off.

It comes as Tesla appears to have some demand issues with the Cybertruck as it added incentives to buy. It points to the automaker potentially throttling down production of the electric pickup truck.

The Cybertruck is only sold in the US, Canada, and Mexico.

This led some to believe that Tesla might try to launch the vehicle in other markets to address this demand problem.

Now this new filing is reigniting speculation that Tesla might launch the Cybertruck in China.

Electrek’s Take

I’d note that Tesla appears to have only filed for the Cyberbeast tri-motor version of the Cybertruck.

It’s possible that Tesla might test the waters in China with this more expensive version of the vehicle, which should be easier to sell profitably in the market after import costs.

It’s a real possibility, but it would be strange after Tesla just denied having plans to launch in the country.