Demand for EVs continues to grow. California pledged to ban new gas vehicle sales by 2035. More on that story here … And Biden’s Inflation Reduction Act restructured the EV market. As traders, we’ve gotta follow shifts in the market to gain an edge. That’s why today, we’re focusing on the industry’s cheapest EVs. Inflation is still running high, and households can feel the pressure. A majority of EV purchasers will likely stick to the most affordable models. That’s just an assumption we made based on the state of the market and the economy. Feel free to draw your own conclusion. After a bit of research, it’s clear who’s got the market cornered for the cheapest EVs. It’s General Motors Company (NYSE: GM) by a mile. According to this article, the cheapest EV is the Chevrolet Bolt, starting at $26,595. Nissan is in second with the Leaf, starting at $28,895. But the mileage doesn’t even compare … And Chevrolet announced another EV coming to the market next fall. Also priced at around $30,000 amidst rising production costs. Here’s the full story. Do with that information what you will … |