Electric cars got more expensive this year to buy, and it’s not just due to the federal EV tax credits expiring this past September. Even without that, the average cost of EVs in the U.S. hit $57,245 in the most recent report from Kelly Blue Book. That’s a staggering amount considering that the national average wage index for 2024 was $69,846.57.
They certainly don’t come cheap, but there are still models out there that have starting prices that are way less. One of the biggest reasons why the EV revolution has stalled is how all-electric powered vehicles continue to command premium prices over ICE (Internal Combustion Engine) vehicles.
