Sub-$25000 EVs: The Rise of Affordable Electric Cars

There is a widespread belief that $25000 is the ideal price point for electric vehicles (EVs) to become more popular. This has led to a lot of anticipation for a potential $25000 compact car from Tesla.

Before that particular vehicle becomes a reality, there are already similar developments happening worldwide, as multiple original equipment manufacturers (OEMs) are increasing the production and distribution of electric vehicles (EVs) priced below $25000.

Consumers in China have been able to purchase affordable electric vehicles priced below $25000 for some time now. Some of these compact electric vehicles from China are now becoming available in other markets, one of the most anticipated being the BYD Seagull, which has been renamed as the Dolphin Mini for these markets. It has been introduced in these markets at prices below $25000.

For instance Dolphin Mini is now available in Uruguay, Brazil, and Mexico at different prices depending on the battery pack version. The starting prices range from $20000 to $24000.

It’s not just BYD that is now shipping thousands of these kinds of vehicles to Central and South America. JAC is also shipping thousands of JAC E10X and JAC Yiwei 3 EVs to Central and South America.  The 31.4 kWh JAC E10X is priced from around $22500 in Mexico.

All this action is not just happening in Central and South America. The Dolphin Mini has also been launched in Jordan, Rwanda, and several other markets.

In Europe, Dacia has some good news. The updated Dacia Spring lands later this year starting from €22700. These simple, compact affordable cars are sufficient for a lot of people’s daily needs.

It has been a slow process, but progress is being made in making affordable electric vehicles more accessible in various countries. This will likely increase the adoption of EVs globally.

Reference- Clean Technica, Inside EVs, Car News China, The Verge, Electrek