Hyundai has confirmed that it joined the race to build a new small electric car for less than $20,000. However, it sounds like only European markets might get access to it.
One of the biggest complaints about electric vehicles remains their prices. They are unattainable for most consumers, even with subsidies.
To be fair, most new cars are not a smart purchase for most people, and EVs are going after the new car market. But there’s also the factor that many automakers entering the EV space started with more expensive segments, resulting in electric vehicles being on average more expensive.
Read Article