Amid issues like climate change and fluctuations in the global price of oil, American motorists are increasingly interested in electric vehicles (E.V.s). In early 2022, new E.V. registrations rose 60 percent even as overall new car registrations declined by 18 percent.
Of all considerations, the biggest barrier to acceptance is price: The price of the average new E.V. runs nearly $67,000, while the overall average new car costs just under $50,000. Clearly the key to greater adoption of E.V.s is bringing the price down to be more in line with gas-burning alternatives.
