<ul><li>Volkswagen previewed the $21,500 ID.Every1 electric car not coming to the U.S., first to use Rivian's tech.</li><li>America lacks affordable EV options, with models like Kia EV2, Fiat Grande Panda EV sold mainly in Europe.</li><li>Cheaper EVs exist in markets like Europe and China, with models priced under $30,000.</li><li>The average new car price in the U.S. has surpassed $48,000, impacting the lack of budget EV options.</li><li>American market preferences for larger vehicles have phased out compact car sales, affecting EV affordability.</li><li>Bigger vehicles are more profitable for automakers in the gas era but inflate costs in the electric era.</li><li>Batteries are the costliest part of EVs, impacting prices of bigger EVs in the market.</li><li>The U.S. has restricted Chinese competition, reducing pressure on automakers to offer affordable EVs.</li><li>Bright spots include the Nissan Leaf and Chevrolet Equinox EV, with future models like Kia EV3 aiming for affordability.</li><li>Tesla plans to release more affordable models, and dropping battery costs may lead to cheaper EVs in the future.</li></ul>

Cheap EVs Are Popping Off. Just Not In America.

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