EV prices are still coming down in the US, and the gap with gas cars is now the smallest it’s ever been, according to new Kelley Blue Book data.
The average transaction price (ATP) for a new EV in March was $54,508. That’s down 2.8% year over year and marks the third straight month of declines. Prices also slipped 0.7% from February, which itself was revised lower.
That drop is starting to matter. The price gap between EVs and internal combustion engine (ICE) vehicles has narrowed to about $5,800 – the smallest gap Kelley Blue Book has recorded.
