Electric Vehicles Are 25% More Expensive Than a Year Ago

Published by
The Street

By Riley Gutiérrez McDermid A new report takes a deep dive into a market projected to be worth $823.74 billion by 2030. Consumers looking to save money by buying an electric vehicle and avoiding soaring gas prices have paid a premium over the last year, a new report says. New data from Recurrent, a car industry analysis company, has found that the overall price of electric vehicles has skyrocketed 25% year-over-year. In fact, demand for EVs is so high that people owning them who decide to sell have recouped almost all of their original purchase price, the report found. The market is likely to …

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