The average cost of a new EV hit $61,448 in December, according to Kelley Blue Book — well over the $49,507 paid, on average, for a new internal-combustion engine vehicle. That’s a problem for the automakers in the ever-urgent race for greater EV adoption.
Prices are coming down, but it will take time and isn’t a guarantee. Much of that depends on forces outside of automakers’ control, like dynamics within the battery supply chain.
A lot of would-be EV buyers are becoming more interested in the used market as a way to drive a cleaner car without such a hefty price tag.
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