Automotive Industry

Why electric cars are getting pricier even as batteries get cheaper

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

Nicolás Rivero

Writer, Quartz

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

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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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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Automotive IndustryElectricityEnergy

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