Electric Vehicle Price Wars As Warren Buffett Gets In the EV Game

By Douglas McIntyre  •  May 29, 2025

Douglas McIntyre and David Callaway, Editors at Climate Crisis 24/7, analyze the recent price drops in the electric vehicle market, highlighting BYD’s aggressive 34% price cut in a single day. McIntyre points out that as the EV market grows rapidly, companies are fiercely competing for market share by slashing prices, moving beyond early adopters to appeal to mainstream consumers focused on cost. Callaway notes the influx of affordable secondhand Teslas as an indicator of this trend. Both mention Warren Buffett’s strategic investment in BYD and suggest that traditional automakers like GM and Ford face critical challenges and opportunities in this evolving price war.

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