| | | "And Bidenflation nearly doubled the projected price of an EV."
Really? Is that what they're saying on Uranus?
price evs compared to 2020 - Google Search
AI Overview
In January 2020, the average price of an electric vehicle (EV) was $54,668, which was 42% higher than the average price of all cars. In 2023, the average price of a new EV was $53,376, which is about 10% higher than the average price of a new car. However, prices have been dropping in recent years, with some saying that EVs are becoming more affordable. In September 2023, the average price of a new EV dropped by $14,300 compared to the previous year. According to Recurrent, used EVs in the $20,000–$25,000 range are also stabilizing, and prices may continue to drop for older models.
Some reasons for the price drop include:
- Increased competition
- Lower raw material costs
- More efficient manufacturing
- Federal tax credits
- State incentives
- EV sales plateauing
- Dealers cutting prices
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