The price of electric cars is plummeting so fast that they’re now almost as cheap as gas-powered cars.

Consumers still aren’t biting, and $50k+ for the average EV (assuming a Model3 or Model Y) is still tens-of-thousands above the comparable Toyota Corolla Hybrid or Chevy Trax SUV.

“Average ICE car” is $48k+, but average ICE car is F150, large 3-row SUVs or 3-row mini-vans. And a scattering of $20k economy-cars (Camry, Accord, Trax, Maverick). And… IMO EVs like Tesla have such cheap interiors that I personally compare them to the economy cars rather than the $40k+ class they try to be in.

Still, its good to see competition dropping these EV prices down.