Electric vehicle prices are falling, the gap is closing

Electric vehicle prices are falling, the gap is closing

by
Electric vehicle prices are falling, the gap is closing





Electric vehicle prices are falling, the gap is closing



See Full Size


Users who have not preferred electric vehicles for years have cited high prices as an important reason, as well as concerns about driving range, charging speed and infrastructure. However, a new study Electric vehicles are no longer as expensive as they used to be and internal combustion vehicles price difference decreases reveals.

With the decline in electric vehicle prices, the gap between electric and internal combustion cars has narrowed to the narrowest point it has ever been, according to a report from industry analysis firm Jato Dynamics. While there is a 50% price difference in the USA in 2021, it increased to 33% in 2022 and last year. It dropped to 15%. Electric vehicle prices in the country, when inflation is taken into account, It decreased by 25% compared to 2018.

Electric vehicle prices in Europe and China increased in the same period. 15% drop showed. The average price of internal combustion vehicles in Europe increased by 7%. Price difference between electric and internal combustion vehicles on the continent last year It dropped to 22%.

Price changes from 2018 to 2024 by region

Area Electric internal combustion
ABD -25% 0%
Europe -15% +7%
United Kingdom -3% +14%
Chinese -15% -28%

However, electric car prices vary greatly by region. For example Polestar 4While it is sold for 52,190 euros in China, it is sold for 59,452 euros in the USA and 69,300 euros in Europe. MG4 It has a price of 18,245 euros in China and 30,960 euros in Europe. Therefore, Chinese customers have access to electric vehicles at much cheaper prices than customers in Europe and the USA.














Download DH iOS App