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September 12, 2022

Cheaper electric vehicles coming despite high battery costs

  • A price around $30,000 and a range close to 300 miles is key to getting mainstream buyers to switch, industry analysts say.
    • By TOM KRISHER
    AP Auto Writer

    GM image
    The price of the Equinox EV is expected to be at the low end for electric vehicles sold in the U.S., where the average cost of an EV is around $65,000.

    WARREN, Mich. — Even though battery costs are rising, auto companies are rolling out more affordable electric vehicles that should widen their appeal to a larger group of buyers.


     
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