According to Bloomberg Green, there are now at least three car manufacturers — Tesla, Hyundai-Kia, and GM — with electric vehicles that (1) have a range greater than 300 miles (480 kilometers) and (2) cost less than the average price of a new vehicle in the US (which is currently around $47,000). This means that we are now approaching price parity:
This is an important adoption milestone, even if it does, at this point, feel totally expected. The International Energy Agency (IEA) is forecasting full price parity by 2030. But in my mind, I’m already done with ICE vehicles. When I bought my current car over 6 years ago, I knew it would be the last internal combustion engine I ever own.