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What is the average price of an electric car?
Wow, there are so many electric cars to choose from! I don’t have a huge budget, but I feel like getting an electric car will pay off in the long run. And I also heard they last a long time. So on average, how much would you say you need to save up? What’s the average price of an electric car?
Elaine Duvet · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Totally!
Electric cars
are an excellent choice to ensure a long lifespan for your auto. They’re great for the environment and your checkbook! Plus, to properly maintain your vehicle
, you’ll pay much less per year. Here’s what we know about the average price of an electric car:
- 2022 Kelley Blue Book data suggests that the average electric car costs $62,876.
- The average price of an EV is about $15,000 more than the auto industry average, which comes to $46,404.
- Electric vehicles cost about the same amount as a typical luxury brand car that you can find for around $64,635.
If the cost of an EV is higher than you expected, don’t fret! The price for an EV could actually be lower than the sticker price once you factor in the money you’ll save on gas and generous federal tax credits. If you’d like to keep the savings coming, make sure you’re not being overcharged for car insurance every month.
If you’re curious about your coverage, check out the
Jerry
super app. Jerry will help find you awesome insurance at the lowest price. Before every policy renewal period, you’ll be presented with new competitive quotes, which means you’ll always have the best coverage at the best price. If you want to switch policies, that’s fine! Jerry can help cancel your old policy.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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