That's changing. In China, which is far in the lead when it comes to electric vehicles of all types: Conversely, in China, the price distribution of available BEV models closely resembles that of ICEVs, with about 40% of available electric models priced below USD 25 000 (against 45% for ICEV models), and more than half below USD 30 000. In 2024, this price distribution was reflected in sales, with the median price paid for a battery electric car standing at around USD 24 000, about USD 700 less than for an ICE car. This trend towards a larger share of more affordable models is expected to continue in the short term, as 60% of announced models with a known price are expected to launch below the USD 30 000 mark. https://www.iea.org/reports/global-ev-outlook-2025/trends-in-electric-car-affordability As for charging, it's hard to fill up your car with gasoline at home. But you can easily charge your EV at home. What's more charging times are getting a lot faster "When you pair these chargers with BYD's new cars, the results are impressive. Vehicles like the Denza Z9 GT and the Yangwang U7 have the second-generation Blade Battery. On a Flash Charging pile, these electric cars can go from 10% to 70% battery in just 5 minutes. Even a nearly full charge from 10% to 97% only takes about 9 minutes under normal conditions. Cold weather usually makes electric cars charge much slower, but BYD claims it has fixed that problem. They tested the new battery system in extreme cold. After sitting in -30°C weather for an entire day, the battery could still charge from 20% to 97% in only 12 minutes. This is a big deal for drivers in places like Northern Europe or North America, where winter usually makes EV charging a chore." https://www.reuters.com/world/asia-pacific/byd-launches-new-generation-blade-battery-with-rapid-charging-cold-environments-2026-03-05/?utm_source=chatgpt.com
