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When will electric cars be cheap?
I want to switch to an electric car, but they’re just too expensive for me right now. When will electric cars be cheap?
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Looking for ways make
electric cars
more affordable and accessible is something that is always in discussion for electric car manufacturers. In order for electric cars to become more affordable, a few things have to happen:- The cost of battery production needs to be lowered, either by lowering the cost of materials or finding cheaper battery technology to use.
- The cost of manufacturing needs to be lowered, which should happen naturally as automakers scale their production facilities to be more efficient.
- Charging infrastructure needs to be expanded so that EV users don’t need to spend money on building a home setup.
- Battery recycling needs to be improved so that the expensive metals used in electric car batteries can be reused making them moreeco-friendly
While some of these goals may seem lofty, most industry experts predict that we’ll start seeing lower prices on electric cars in the next few years.
Driving an electric car is exciting—you’re helping the planet and getting in on the ground floor of a growing industry. If you are thinking of getting an electric car, you’ll want a
car insurance
plan that delivers great coverage at a great price. Get
Jerry
, a personal car insurance broker that lives in your pocket. Jerry offers end-to-end support, from gathering affordable quotes to even canceling your old policy. Try Jerry today!View full answer
- Gregory R.
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