Electric vehicles
Battle for market share heats up as demand slumps on reduced incentives
The budget version of Tesla’s Model Y starts at $39,990, down about $5,000 from the cheapest existing option. (Tesla)
AZUSA KAWAKAMI and SHUHEI OCHIAI
October 9, 2025 01:30 JST
NEW YORK/TOKYO — The electric vehicle price war is expanding beyond China and into the rest of the world as weakening demand pushes automakers like Tesla and Nissan Motor to slash prices.
