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What is the cost to build an electric car?
I’ve noticed that even on the lower end, electric cars tend to cost more than gas-powered cars. What is the cost to build an electric car?
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
On average, the raw materials used in electric cars cost about $8,255 per vehicle, and the cost from start to finish can be anywhere from $17,000 to $25,000.
The exact cost to build an
electric car
is going to depend on a lot of factors, but in general, EVs do tend to cost more to produce than gas-powered cars. This is due in part to:- The high cost of raw materials, such as lithium-ion which is used for electric car batteries.
- The cost of scaling production for automotive companies.
While electric cars are more expensive upfront, the savings come later in saving money on gas and repairs. To save even more, download the
Jerry
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- Gregory R.
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