Carmakers Investing in More Affordable Electric Vehicles
Cheaper vehicles are on the way, but the industry is putting in a lot of effort to make more affordable electric vehicles, according to Ed Kim, chief analyst at AutoPacific. He says the resurgence of inexpensive gasoline-powered vehicles is not expected.
Camila Domonoske, NPR News, reports that carmakers are putting their cash toward making cheaper electric vehicles. These vehicles will be powered by batteries and will take a while to get here.
In the meantime, there are still some more affordable gasoline-powered vehicles on the market, such as the Genesis GV70 ($44,299) and GV80 ($56,388), Jeep Wrangler ($35,827) and Wrangler Unlimited ($45,386), and Cadillac CT5 ($41,870) and CT4-V ($57,737). However, these vehicles may not last too long, as electric vehicles become the more popular option.
0. “Why car prices are still so high — and why they are unlikely to fall anytime soon” NPR, 18 Mar. 2023, https://www.npr.org/2023/03/18/1163278082/car-prices-used-cars-electric-vehicles-pandemic
1. “Exploring the many reasons why car prices remain high” Wyoming Public Media, 14 Mar. 2023, https://www.wyomingpublicmedia.org/2023-03-14/exploring-the-many-reasons-why-car-prices-remain-high