In the first quarter of this year, there was a 42% gap in the average price of an electric car vs. a gas car. The price gap remainsEVs cost more to build than internal combustion engine vehicles of similar size and with similar features. For the past three years, despite increasing EV sales, the price gap between electric and gas cars has remained fairly stable. If all EV transactions were leases, the average price gap after applying the federal incentive would be slashed by almost 50%. Lots of luxuryThe gap in the average price of an electric car vs. a gas car is as big as it is right now largely because carmakers tend to put their newest and best technologies in their most expensive models first.

Source: Forbes May 09, 2024 11:42 UTC