The promotion of Chinese brands is causing even more price drops

However, the cheapest electric car is the Caoa Chery iCar, which costs BRL 119,990, the same as its best-selling combustion engine model, the Tiggo 5 Sport.

It’s worth remembering that the trio of JAC, Kwid and iCar before the Dolphin and Ora 03 cost about 150 thousand reais – the price now occupied by the new Chinese ones, with better trim, more power and longer battery life.

Let’s remind: in addition to entry-level electric cars and hybrids, the Chinese also upset those with a more expensive price list. The Peugeot e-2008 was launched for R$260,000, but today it sells for R$199,990. The same price as the Kia Niro hybrid. True, the Frenchman is electric.

Seres 3, which arrived in the country for R$ 220,000, also fell off the table and reduced its price by R$ 20,000. But few have heard about it.

The Chinese also rocked combustion engines. As the electrification market grows, some automakers with larger models are already offering discounts to attract EV buyers and not lose customers.

For example, Jeep Compass, Volkswagen T-Cross, Citroën C3 and C4 Cactus, Renault Duster and Oroch, Nissan Kicks and others won as we mentioned here. Not to mention the luxury sector, which is affected by the more-for-less delivery rule. The main principle of the new conquerors of Brazil is on wheels.