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Friday 1 December 2023
3 reasons why electric cars will soon get a lot cheaper
There just aren't very many cheap options – with the average price hovering just over $50,00 in September, according to Kelley Blue Book data.
Auto execs have pointed to high prices as a big reason why demand for electric cars has slumped this year.
Several have slowed down their EV plans as a result, with Ford postponing a $12 billion investment and General Motors abandoning plans to build 500,000 EVs by the first half of 2024.
Read the whole story on businessinsider.com