The median electric car in the US is getting cheaper

The median electric car in the US is getting cheaper

Electric vehicles only make up a small percentage of the U.S.’s car fleet, however they are becoming more affordable.

Key findings

“EV prices dropped from $64,300 to $55,600, a 13.4% decline over the previous year.”

“Tesla now dominates the EV market with nearly 80% of EV sales in the US.”

“Cheaper batteries, more models, and economies of scale as manufacturers ramp up assembly lines will continue to drive down EV prices and spur demand.”

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