The electric car is a $50,000 luxury and it’s a hot market.
But there are a lot of cars that are affordable.
The electric vehicle industry is worth about $4.5 trillion and the cost per kWh of the average electric car has dropped from about $50 a year ago to about $10.
The research firm Newzoo has analyzed how a range of cars have changed in terms of price and performance over the last decade.
Newzoom’s report finds that electric vehicles are now valued at $40,000 to $70,000.
Newzos car is the first electric car to be featured in a Forbes magazine cover.
The new report shows that electric car sales jumped over 4% in 2017.
The most affordable electric car, the $40K EVO from Tesla, has an estimated range of 1,600 miles and can go from 0 to 60 in about five minutes.
The new report also found that more than two-thirds of electric cars on the market today are affordable, even as a larger percentage of the market is driven by luxury brands like Audi and Porsche.
Newzoo’s data also suggests that electric cars are being offered in more than 50% of U.S. states.
The majority of states with the largest electric car markets in the country are in the Northeast and South, while states in the Midwest and West tend to have smaller markets.
New Zoo also found a surge in the number of electric vehicle sales from states like Michigan, Pennsylvania and Illinois in 2017, suggesting electric cars may be gaining more mainstream acceptance.
“It’s the future, so it’s not surprising to see an increase in the acceptance of electric vehicles,” said Newzoxo’s director of research, Robert B. Spengler.
“But, we do expect the growth to slow down as the cost of the technology remains low.”
Electric vehicles, or EVs, are electric vehicles that run on electricity instead of gas, gasoline or diesel.
They are more efficient than other forms of transportation, can go more miles on a charge and can produce a smaller amount of pollution than gas-powered cars.
EVs have been around for several years, but are gaining popularity among consumers, who have been willing to pay a bit more for the convenience of having an electric car.
The rise in EV sales also is a sign of consumers shifting their purchasing behavior away from cars that can run on gasoline or gas-based fuel.
The study found that the average American spends more than $10,000 a year on electric cars, compared with $2,500 for gas-driven cars.
The average American now drives an average of 22,000 miles a year with an average price of about $25,000, while an EV costs an average $1,500 a year.
NewZoo found that electric vehicle prices fell across all major car models over the past decade, from the $35K Chevrolet Spark EV to the $20K Hyundai Sonata.
The EV market is expected to grow significantly over the next decade, with Tesla, General Motors, General Electric, Nissan and others looking to capitalize on the electric car’s popularity.
New Zoo estimates that electric automakers are expected to spend more than twice as much on marketing and research in 2018, up to $1.6 trillion, compared to $637 billion in 2019.