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IPFS News Link • Economy - Economics USA

Batteries are getting cheap. So why aren't electric vehicles?

05-06-2022 • arclein

Electric cars have long been expected to follow the same trajectory. But even as batteries have gotten cheaper, the cost of purchasing a new electric car in the United States has skyrocketed. According to data from Cox Automotive, an automotive services firm, in 2015 the average price paid for a new electric car was $35,880 ?" not much higher than the industry average of $33,543. By last December, however, the average price of an EV had ballooned to $63,821, an almost 80

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Reported By robert klein

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