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How can electric cars become more affordable?
I’m considering buying an electric car but was wondering how and when they might become more affordable?
Patrick Price · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Yes, it is true that compared to normal cars,
electric cars
are still on the more expensive end. However, each passing year this seems to be leveling out and there’s research that suggests by 2025, they’ll be on par with gas engines in terms of price. One of the main contributing factors to electric cars becoming cheaper is simply that demand for them at a lower price is increasing. With that demand, technology is being developed to make their production more streamlined and efficient, thus cheaper! There’s also positive speculation about alternative batteries that will drive down prices even more.
The Nissan Leaf at $28,375 is currently the most affordable. If you’re looking for something cheaper than the Leaf, my advice would be to simply wait another couple years as they continue to drop.
Classic combustion or new tech electric, you’ll need good
car insurance
in either case. Super app, Jerry
can get you quotes available in your area in less than a minute. Once you find the one that is best for you, Jerry will even take care of the paperwork to get you going! Jerry customers save an average of $879 a year.View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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