Battery costs fell 37 percent, dragging EV sticker prices down with them. Hybrid prices climbed 16 percent while EVs moved the other way. China’s battery glut and export surge did most of the heavy lifting here. Electric vehicles have historically been more expensive than ICE-powered vehicles, but new data has revealed that last year, the average global prices for EVs were below those of hybrids. As you’d probably expect, this is largely due to the growing number of budget EVs from China hitting the roads across the world. var adpushup = window.adpushup = window.adpushup || {que:[]}; adpushup.que.push(function() { if (adpushup.config.platform !== “DESKTOP”){ adpushup.triggerAd(“0f7e3106-c4d6-4db4-8135-c508879a76f8”); } else { adpushup.triggerAd(“82503191-e1d1-435a-874f-9c78a2a54a2f”); } }); By…
The Average EV Now Costs Less Than The Average Hybrid, And You Can Thank China
