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Hyundai, Tesla pave the way for long-range (+300 mi) EV prices falling below average gas cars

Baua Electric

According to the latest Kelley Blue Book data , average transaction prices for a new EV were down 9% in the first quarter compared to Q1 2023. Hyundai’s IONIQ 6 was found to be the only EV that met potential buyers’ median price, range, and charging targets, according to a recent report from Boston Consulting Group.