You'll Gasp When You Hear How Many Chinese EVs You Can Buy For the Price of a Single US Car

"According to new reporting from Reuters, you could buy up to five Chinese electric vehicles for the average price of a single new car in the US."

"In China, there're more than 200 EVs and hybrids for sale at less than $25,000 according to data from DCar cited by Reuters."

"The crème de la crème among this Cheap Five is the Geely EX2, a subcompact hatchback that was the top-selling car of any kind in China last year."

""When you get in, you don't feel like you are in a small car," auto analyst Felipe Munoz told Reuters."

Chinese electric vehicles are available at a fraction of the cost of American cars, with the average new car price in the US at $51,456. In contrast, over 200 EVs and hybrids in China are priced under $25,000. The top-selling Chinese EV, the Geely EX2, costs just $10,060 and offers modern features and a battery range of 314 miles. This stark price difference underscores the challenges faced by US automakers, who have focused on larger, more expensive vehicles.

Read at Futurism