According to statistics from the Carscoops website, the price of electric cars in China is becoming more affordable, posing a major challenge for other automakers.
Specifically, the average price of electric cars in Europe is $70,462 (VND 1.73 billion), in the US is $71,683 (VND 1.76 billion). Meanwhile, the average price of electric cars in China is only $32,842 (VND 806.8 million).
If you want to buy an electric car in the US, even if you choose the cheapest electric car, the price is still twice as expensive as a gasoline car. But in China, on the other hand, the price of the cheapest electric car is 9% cheaper than the cheapest gasoline car.
The data also shows a clear difference in the price of electric cars between the West and China. While electric cars from major US or European brands are quite expensive, beyond the financial ability of many people, in China, anyone can buy an electric car.
The reason for the aforementioned price difference is the production cost. Most electric cars in the West utilize expensive lithium-ion batteries for impressive performance. However, Chinese automakers employ cheaper batteries, which helps reduce the cost of electric cars but limits their range.
In addition, the Chinese government is also actively promoting support for electric vehicle manufacturers, as well as implementing many favorable policies to incentivize consumers to purchase electric cars.
Furthermore, labor costs in the “country of a billion people” are also significantly cheaper compared to Western countries. This factor also has some impact on the price of electric cars.
TH (Tuoitrethudo)
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