One of the biggest barriers keeping car shoppers away from electric cars is steadily shrinking. The average price of a new EV is now getting closer to the average cost of a combustion car, something that could potentially boost EV sales in the U.S. if the trend holds up in the coming months and years.
According to Kelley Blue Book, the average new electric car cost only 9.4% more than the average new car in August. That’s a sharp drop from the 16% gap observed at the same time last year.
