New technology is always expensive. As the tech evolves and spreads throughout global markets, costs for materials and manufacturing inevitably fall. That leads to lower prices for consumers, and to a degree, we're seeing it happen in the realm of battery electric vehicles. Once a very pricey prospect for buyers, the least expensive EV for 2022 is the $28,425 Nissan Leaf.
However, the least expensive internal-combustion Nissan is still over $10,000 less than a Leaf. It's generally the same story at every automaker that sells EVs – comparable combustion-powered cars are always less expensive, and not by a small amount. Of course, EVs still account for a just small portion of total new vehicle sales. That means prices between electric and combustion power should balance out in the near future, as production costs for EVs continue to fall. But will it actually happen?
