A decade ago, someone in the market for a new car with less than $25,000 to spend, had 43 different models to choose from. Today, there are five, according to Cox Automotive. None is electric.
But stalwarts like Ford Motor Co. and startups like Slate Auto are looking to change that, and they’re focusing on Americans’ favorite vehicle: the pickup.
With President Donald Trump’s tax bill killing EV incentives at the end of the month, the push for a sub-$30,000 vehicle that runs on electrons may help buttress the projected dip in sales.
Options creep
The average price of a ...
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