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Five myths about electric vehicles

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Five myths about electric vehicles

But the present federal tax credit score for EVs offers most consumers $7,500 again. That places the worth of the electric Niro at $31,590, lower than the common for a brand new automotive. As of early final yr, when automobiles had been cheaper and simpler to seek out, the common transaction value for a brand new automobile was almost $40,000, based on Kelley Blue Book. The beginning costs of a number of wonderful EVs — together with the Chevy Bolt, the Nissan Leaf and the Volkswagen ID.4 — slide underneath that common. The 2022 Ford F-150 Lightning begins at $39,974 earlier than tax incentives, cheaper than many fashions of the gas-powered model. And as EVs get extra standard, batteries ought to proceed to get higher and cheaper — which ought to imply higher and cheaper EVs, which ought to imply they get much more standard.

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