The Rise of the High-Range, Less Expensive E.V.
The New York Times • • business
Key Points:
- Electric vehicle (EV) sales in the U.S. have declined following the end of the $7,500 tax credit under the Trump administration, with some manufacturers canceling models.
- Despite the overall slump, the market for budget-friendly EVs with long driving ranges—priced under $40,000—is expanding in both model availability and sales.
- Advances have made it possible for affordable EVs to achieve ranges comparable to high-end models from a decade ago, addressing common concerns about range anxiety.
- The traditional link between higher price and longer range is weakening, as some less expensive EVs now offer better range than certain pricier models.
- While rising gas prices may encourage more consumers to switch to EVs, the transition is expected to be gradual rather than immediate.
