Why are electric cars so expensive?


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Electric cars demands are rapidly increasing. The prices are increasing as well

It is not only electric cars that are expensive but the insurance  cost is costly as well

Other factors like cost of batteries, supply chains, etc make EV costly

The most dominant reason is the cost of the batteries used in the electric cars

Batteries are expensive because they are made and imported from China

Some of the most expensive electric cars are Fisker Ocean, Ford F-150 Lightning Platinum, Rivian R1S Adventure,  etc

Ford F-150 Lightning is the most expensive electric pickups and cost around $90,874

Electric cars are now six times cheaper than gas cars