I have always been suspicious that the "EVs are too expensive" notion is a plant by Fossil Fuel companies and some car manufacturers to shift the blame to consumers for not transitioning to EVs.
10: Hyundai Elantra: $21,999 v Audi Q4 e-tron: $63,400
9: Hyundai Kona: $25,999 v Mustang Mach-E: $57,690
8: Honda Civic: $28,765 v Kia Niro EV: $48,544
7: Honda CR-V: $37,261 v Toyota bZ4x: $48,042
6: Toyota Corolla: $26,372 v Hyundai Ioniq 5: $54,999
5: GMC Sierra: $48,931 v Hyundai Kona Electric: $46,399
4: Chevy Silverado: $47,931 v Volkswagen ID.4: $51,220
3: Toyota RAV4: $36,202 v Chevy Bolt: $41,575
2: Dodge Ram: $37,952 v Tesla Model 3: $53,990
1: Ford F-150: $46,600 v Tesla Model Y: $54,990
Averages: Gas: $35,801.20 EV: $52,084.90
So ya, the difference overall is about $20,000 on average.
However, these are all base prices and while EVs generally have only a few higher priced options, the Gas cars/trucks often start low and have many higher priced options, some over $75K. So I believe the real-world selling price averages would be closer.
I believe it will take governments being aggressive and consistent on their Electric-only targets to force companies to re-tool their productions to both meet demand and bring the prices down.
Both Canada and the USA have recently gone in the opposite direction, both pushing back their EV-only targets. This is both why prices remain high, and we won't hit our CO2 reductions.
And ya, as a proud Hyundai Kona Electric owner, I'm going to finish with this “call-out" from the CEO of Hyundai to other manufacturers.
"Why would anybody want to purchase an EV from an [automaker like Toyota or GM] who’s lobbying against EVs?”
"Too expensive" is of course a lie - as compared to what?
We currently drive a plug-in hybrid which allows us to drive electric for at least 80% of our needs. Coming back home to charge up via the solar array on the roof feels pretty nice this time of year.
As for the cost, I'm more worried about resale value as the battery capacity starts reducing. It needs to be economically viable to refresh the battery, or these heavy cars (PHVs) will emit WAY more CO2 using combustion only.
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