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.[0]
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.[1]
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).[1] 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
