A recent Automotive News report has revealed that electric vehicles are cheaper in 2024 compared to previous years. Even though battery electric vehicle (BEV) sales have seen a notable fall in recent months, data from the report shows that EVs are easier to buy this year. According to the report, this is largely due to the 2022 Inflation Reduction Act, a landmark bill that invested significantly into America’s green-energy sector.
Battery electric vehicles have been more expensive than gas-powered cars for most of the EV industry’s existence, a barrier to EV adoption that the…
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