EVs Cost $10,000 More Than Gas-Powered Cars

By Douglas McIntyre  •  October 26, 2025

According to Cox Automotive, new EVs cost between $9,000 and $10,000 more than gas-powered cars. One problem is that they cannot be built at scale by large car companies. Another is that the components of these cars are more than auto companies expected. With the $7,500 tax credit gone, Americans will face a huge EV purchase premium. And that means EV sales will remain low. Douglas A. McIntyre, Editor-In-Chief of Climatecrisis247, explains. More video: Climate change has made the price of your coffee surge.

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