Rising prices for traditional new cars are creating a growing cost gap with electric vehicles, which are seeing a steady decline in average prices. Industry analysts attribute the shift to increased demand for EVs, economies of scale in battery production, and incentives driving affordability. Meanwhile, conventional vehicles face higher manufacturing and supply chain costs, widening the financial divide between the two markets. The trend raises questions about long-term consumer choices as automakers accelerate their transition to electric models.
New Cars Are Getting More Expensive. EVs Are Getting Cheaper autos.yahoo.com
