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Experts: When Will Electric Car Prices Drop?

14 Aug 2022 | Abstracted from Yahoo Finance

"The average price of a new electric vehicle is now $66,000, up 4% from the previous month and up 14% from last year.

"The restoration of supply chains may cause a small drop in EV prices, but other factors will lead to bigger drops down the line...two factors will likely lead to a price drop quite soon.

"The first is that more manufacturers will introduce new EV models...increased competition, car companies will pass these savings on..."



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