With many states and automakers making the shift toward electrification, infrastructure and affordability have been two of the major deterrents causing many Americans to steer clear of these non gasoline and diesel-powered cars.
While the price of an electric vehicle has slid from $65,000 two years ago during the peak of Covid to $57,000 this past quarter, the next phase of motoring continues to be out of reach for most Americans, especially being that the average transaction price of a new vehicle is approximately $48,000, according to Cox Automotive.
