Electric vehicles (EVs) are often considered "cheap" relative to one another, but in the U.S. market, true affordability remains a significant barrier for most consumers. Despite this challenge, there is a notable increase in cheaper electric car options available. The article highlights a compilation of the 12 least expensive EVs, including their range and eligibility for tax credits, helping potential buyers navigate financial incentives. Factors like federal tax credits and state policies also contribute to lowering the price, encouraging more consumers to consider EV purchases or leases.
Electric vehicles, while not yet affordable for everyone, are becoming accessible with a growing selection of cheaper models, addressing the affordability barrier.
More consumers are entering the EV market as cheaper electric cars become available, plus tax incentives can lessen upfront costs for buyers and lessees.
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