Electric Car Prices Soar In November 2022: Average Price $65K via insideevs.com
each month, we've also discovered that interest rates, monthly lease payments, and down payments go up every month. It seems automakers aren't stopping or hitting a plateau, but rather, they just raise prices continuously.
At any rate, KBB says the average EV transaction price in November 2022 was $65,041, which is almost exactly on par with the average luxury car transaction price. This makes much sense since many EVs are luxury cars, and even those that aren't are still priced like luxury vehicles. Still, in comparison to the rise in car prices as a whole, EVs are ahead, and not in a good way. The average vehicle transaction price for the market as a whole was up just 0.9 percent in November 2022 compared to the previous month. On a year-over-year basis, prices across the market are up 4.4 percent, so EV prices have essentially risen by double.
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