Electric vehicle prices are plummeting after close to a decade of significantly higher-than-average prices that made battery electric cars much more expensive than gas-powered cars. Counterpoint Research reports that the drop in EV prices has corresponded with a 32% year-over-year increase in U.S. electric vehicle sales in Q1 2023.
One in every seven cars sold during this period was electric, and battery electric cars made up 73% of all EV sales while plug-in hybrids counted for 17%. As EV prices continue to…
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