Electric Vehicle Prices Continue to Drop in China as Europe Sees 28% Rise

Reporting from vehicle data analysis company Jato Dynamics indicates that the price of electric vehicles (EV) has dropped sharply in China but increased across Western countries over the past decade.

The data show that since 2011, the average price of a brand-new EV in China has dropped from 41,800 euros ($48,825) to 22,100 euros, down by 47%. Meanwhile,…