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When Will EV Prices Be in Reach for More Americans?

10 Aug 2023 | Abstracted from The Messenger

"EV average transaction prices - what buyers pay after factoring in discounts and options - slipped to $61,000 in January and $53,469 in July.

"The next-generation Bolt will use new Ultium batteries which GM hopes to bring down to $87 per kilowatt-hour compared with $150 for the outgoing model's current technology.

"If [carmakerss] hope to hit their target of 50% EV penetration by 2030, there’s no way around the need to bring more affordable EVs to market."



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