Electric vehicle manufacturing

Why Electric Vehicles Have a Higher Upfront Cost

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In 2015, The Tesla Model S, the Nissan Leaf, and the BMW i4 were some of the top-selling electric vehicles. The average price of an electric vehicle back then was around $35,880. Fast forward to December 2021, and according to Cox Automotive, the average price of an EV was $64,822, while the average gas vehicle […]

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Electric vehicle being assembled

How Electric Vehicles Work

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Unlike internal combustion vehicles that use gasoline or diesel engines, electric cars, and trucks rely on electric motors powered by batteries or fuel cells. According to Bloomberg, EVs are anticipated to account for 40% of all vehicle sales by 2030, with major car manufacturers such as General Motors committing to a complete transition to electric […]

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