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Is Buying An Electric Vehicle Becoming More Affordable?

CleanTechnica EVs

Even as electric vehicles grow more popular, many consumers are still holding out for the sticker price to be right. However, with a handful of automakers following Tesla’s price cuts throughout this year as well as federal and state incentives, some note that EVs are quickly approaching general affordability in the U.S.

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XPeng buying Didi’s Smart electric car unit to launch new affordable EV brand in 2024

Electrek

Chinese EV maker XPeng (XPEV) announced Monday it plans to buy out Didi Global’s Smart electric car division. XPeng revealed the partners will launch a new mass-market EV brand next year with a starting price of around 150,000 RMB (roughly $20,500).

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Lectric XPremium review: The most affordable, quality mid-drive electric bike that money can buy

Electrek

The Lectric XPremium mid-drive folding e-bike still holds the honor of the highest-value mid-drive electric bike on the market today. With a powerful mid-drive motor, dual batteries, and other impressive features, it’s going to be hard for any other e-bike to compete in this space and at this price point for a long time.

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GM hints at an affordable Chevy Camaro EV: A $35,000 real electric pony car?

Baua Electric

An affordable Chevy Camaro EV? The report also mentioned the possibility of a “mid-price” flagship electric sports car “loosely linked to the C9 Corvette in content.” He hinted it could be priced around $35,000, similar to the new Chevy Equinox EV. Would you buy an electric Camaro?

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Ford Mustang Mach-E price cuts are proving affordable EVs are in demand

Baua Electric

Ford is moving inventory after slashing prices by up to $8,100 on its best-selling electric SUV, the Mustang Mach-E , last month. A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs. In February, sales of the electric SUV surged 64% year over year.

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Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price

Baua Electric

While automakers prepare to launch their next wave of electric vehicles, Hyundai already has an EV that checks all the boxes. According to a new report, the Hyundai IONIQ 6 is the only EV on the market offering fast charging in under 20 minutes, over 350 miles range, and at an affordable starting price. 361 $43,656 SEL RWD 77.4

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Tesla just made leasing a Model 3 or Y more affordable than ever

Teslarati

Tesla just made leasing a Model 3 or Model Y more affordable than ever, offering rates as low as $329 a month for an all-electric vehicle. However, the company just slashed leasing prices for the Model 3 and Model Y , its two most popular vehicles, making it as affordable as ever to lease one of the cars with a 36-month term.