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Long-Range EVs Now Cost Less Than the Average New Car in the US

11 Jun 2024 | Abstracted from Bloomberg

"'Darwinian' competition and a slew of new models helped electric cars with at least 300 miles of range reach another milestone in price parity.

"At least three manufacturers — Tesla, Hyundai-Kia and General Motors - now offer EVs with more than 300 miles (480 kilometers) of range for less than the cost of the average new vehicle sold in the US...competition between US auto brands has taken on a Squid Game vibe, as pressure rises to make EVs affordable and attract a new wave of buyers."



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