Foreign Media: Will the U.S. Miss the Golden Age of Electric Vehicles as Car Costs Soar?
The average price of new vehicles in the U.S. market has risen to $48,402, with the share of models priced below $25,000 dropping from 21% in 2019 to less than 5%. Although Slate Auto, backed by Jeff Bezos, launched a base-model electric pickup for $24,950, it comes with extremely minimal features, and prices quickly soar once additional options are added.
Meanwhile, the global electric vehicle (EV) market is entering a golden age. China offers over 200 EV models priced under $25,000, with automakers like BYD providing vehicles with superior configurations at about one-third the price. Their high-end models cost under $15,000 and offer a range of 314 miles, capturing 12% of the UK market share.
However, American consumers favor large, high-spec vehicles, and Chinese EVs are banned from entering the U.S. market, leaving the U.S. significantly behind in this critical manufacturing sector, facing dual risks to economy and security.
Original Source: toutiao.com/article/1869794872203276/
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