Why electric cars are getting pricier even as batteries get cheaper

May 11, 2022

Batteries are the most expensive component of an electric vehicle. Image: Unsplash/dcbel

Nicolás Rivero

Writer, Quartz

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A chart showing change in average price of new US electric vehicles and lithium-ion batteries since 2012

The price of electric vehicles seems to be rising while the cost of batteries declines Image: Quartz

A chart showing the US market share of the three leading electric car models

In 2018, the market share of the Nissan Leaf and the Tesla Model S, was considerably lower than the market share of the Tesla Model 3 Image: Quartz

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A chart showing the average price US buyers paid for a new electric car vs. a new luxury car

The average price US buyers paid for a new electric car in 2012 sat below $40,000 dollars before jumping to over $50,000 dollars in late 2012 Image: Quartz

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