this post was submitted on 12 Mar 2025
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Electric Vehicles
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30k to 35k is affordable for a new car. The average price for a new car in 2024 was $47870, and an Edmunds survey shows new car buyers are looking for $35k or less.
So it's affordable relative to other overpriced vehicles but not necessarily relative to income.
It’s affordable for people looking for a new car, people with lower income would look for a used car, or would not be in the market at all.