The average price of electric cars in Europe decreased by four percent last year, driven by a shift in manufacturers’ focus towards smaller, more affordable models due to EU climate requirements.
According to an analysis by environmental organization Transport & Environment, the average price of electric cars in Europe dropped by four percent last year. This decline in prices marks a shift in the automotive market where, for several years, prices remained high as manufacturers concentrated on producing electric vehicles for wealthier consumers. Eventually, this strategy started to change, leading to an increase in the availability of smaller electric cars that are more accessible to the average consumer.
