Even though battery costs are rising, auto companies are rolling out more affordable electric vehicles that should widen their appeal to a larger group of buyers.
The latest came from General Motors, a Chevrolet Equinox small SUV with a starting price of somewhere around USD 30,000 and a range-per-charge of 250 miles (400 kilometres). You can get a range of 300 miles (500 kilometres) if you pay more.
GM won’t release the exact price of the Equinox EV until closer to the date it goes on sale, about this time next year. But the SUV is at the low end of Edmunds.com’s list of prices for electric vehicles sold in the US, where the average cost of an EV is around USD 65,000.
Hitting a price around USD 30,000 and a range per charge close to 300 miles is key to getting mainstream buyers to switch away from gasoline vehicles, industry analysts say.
