Electric vehicles cost Americans $66k on average as of 2023

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Written By Jennifer Joslyn

🔋 Electric vehicles cost Americans $66k on average as of 2023.

This is a 13% increase year over year, highlighting how challenging it is for so many Americans to afford green energy transportation. Electric vehicles tend to be more expensive because, despite advancements in battery technology, the cost of producing a high-quality, long-lasting battery is still relatively high. However, as technology continues to improve and economies of scale are achieved, the cost of batteries is expected to decrease.

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Jennifer Joslyn
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