EV Prices Closing The Gap To ICE - Where Is The Sweet Spot to When You Would Make The Change To Electric?

EV prices edged down in February, while gas-powered car prices crept up, narrowing the gap between the two, according to new estimates from Kelley Blue Book.

The average transaction price (ATP) for a new EV in February was $55,300. That’s down 1.4% year-over-year and 0.6% lower than in January.

As a result, the price gap between EVs and ICE vehicles narrowed to around $6,500, one of the smallest gaps on record.

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