13 years ago, Elon Musk made a bold prediction about the cost of electric cars — and he was right. (via CNBCMakeIt)
In the past, Musk hassupply chain pressures across the automotive industry as an explanation for price hikes. A Tesla representative did not immediately respond to CNBC Make It's request for comment.
Electric vehicles in the U.S. are on the rise. As of 2020, nearly 1.8 million of them were registered in the U.S., more than three times as many as in 2016, the Paris-based intergovernmentalStill, that's a relatively small number: 286.9 million vehicles were registered nationwide at the end of 2020,DMV and car company data aggregated by automotive digital marketing firm Hedges and Company.
Almost 40% of Americans say that the next time they purchase a vehicle, they're at least somewhat likely to seriously consider going electric, according to a Pew Research CenterBut two-thirds of Pew's survey respondents raised price as an issue, saying they viewed electric vehicles are more expensive than their gas-powered counterparts.
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