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The average price for an EV has surpassed $60K; here are some affordable options

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LOS ANGELES - Energy prices are soaring across the world and American consumers are feeling the pain at the gas station and in their wallets.

Amid the surge in gas prices, thousands of consumers have flocked to dealerships and secondhand marketplaces in hopes of procuring an electric vehicle to cut costs on fuel, but finding an affordable EV or hybrid is becoming increasingly out of reach for many.

In February, the average sale price for an EV surpassed $60,000, according to the consumer data website Edmunds. Despite higher prices for EVs and limited availability, strong demand has more communities feeling increased pressure to add charging stations or risk having drivers pass them by in favor of plug-in-friendly areas.

Costs have been coming down over the years, but Ford CEO Jim Farley revealed at the Bernstein Conference in early June that the battery pack in a Ford Mustang Mach-E is still around $18,000 to produce.In response to these soaring costs due to high demand, some manufacturers desperate to enter the market are offering affordable options for electric vehicles.Here are a few of today’s discounted electric rides:View from behind of red Chevrolet Bolt electric car, with logo and California DMV clean air access okay decal visible, in Danville, California, March, 2020. (Photo by Smith Collection/Gado/Getty Images) Chevrolet recently slashed prices on the Bolt EV to $26,595.

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