Several electric cars under $35,000 are on the horizon from brands like Volvo, Tesla, Ford and Jeep.
Affordability has remained a nagging problem area in the electric vehicle market for years. But that’s changing as car companies look to capture mainstream buyers and fend off the threat of cheap, high-tech EVs from China. And yet, there’s still a lot of work to be done. Electric offerings in the U.S. skew heavily toward the premium end of the spectrum, with the average price paid for a new EV in June landing at a whopping $56,000, give or take.
GM has said that the new Bolt will cost about as much as the outgoing version, so expect pricing to start under $30,000 before any tax credits. Here's another hint for you: GM said the new Bolt will be the cheapest EV in the U.S. when it hits the market. Tesla “Model 2”/Unnamed Affordable EV Tesla Model 2 Rendering by Theophilus Chin For years, Tesla touted plans for a lower-cost car that would slot below the Model 3 in its lineup. However, its plans on that front are now murkier than ever.
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