The Newest Electric Cars Just Got a Lot Cheaper, But Here’s What It Costs Your Wallet
Finally, the auto industry is hearing our pleas. The newest electric cars hitting the market this year are arriving with shockingly low starting prices, some under $30,000, directly undercutting the gas-guzzlers that have been bleeding you dry at the pump. But don't pop the champagne just yet. While the upfront cost is a huge win for your bank account, the hidden sting is that many of these models are stripping away the federal tax credits you were banking on. That means your "cheap" new EV could end up costing you thousands more than a used model from last year. The real bottom line: shop for a model built in North America to keep the $7,500 rebate, or you might just be paying double for the privilege of going green. Your next car payment just got a lot more complicated.