Average EV Prices Cross $66,000 in America as Electrification Challenges Escalate

Aug 2, 2022

Electric vehicles have always been expensive. The first Tesla Roadster cost more than $100,000, and more than a decade later, the average electric vehicle is still more expensive than a comparable gasoline-powered car. Experts predicted that EV prices would reduce over the next few years as production costs came down, with EVs eventually becoming as affordable as internal combustion engine (ICE) vehicles.

However, average electric vehicle prices have actually increased in the past year, going up by more than…

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