“We’re seeing younger people,” a Salt Lake City dealer said. “We are seeing more blue-collar and entry-level white-collar people.”
Regarded by conservative politicians and other critics as playthings of the liberal elite, EVs are fast becoming more accessible. Prices are falling because of increased competition, lower raw-material costs and more efficient manufacturing. Federal tax credits of up to $7,500 for new EVs, often augmented by thousands of dollars in state incentives, push prices even lower.
Electric vehicles for sale at a Green Wave Electric Vehicles dealership, which sells pre-owned electric vehicles, in North Hampton, N.H., May 29, 2024. But Slowik’s group estimates that cars and SUVs capable of traveling 400 miles on a full battery will cost less than cars with internal combustion engines in 2030, even before taking into account government subsidies.