Super-cheap electric vehicles are available in other parts of the world, thanks to battery technology and manufacturing improvements. However, the US market faces unique challenges that prevent automakers from offering $15,000 EVs. In 2025, global price parity between EVs and gasoline cars was expected but did not occur in North America.
Advances in battery technology and manufacturing have made new cars significantly cheaper worldwide, enabling the existence of super-cheap electric vehicles (EVs) in regions outside the US. Social media buzz, such as claims that “This $15,000 Chinese EV will DESTROY the auto industry!!”, highlights the excitement around these affordable options.
Experts anticipated 2025 as the year EVs would achieve global price parity with gasoline cars in their respective segments, meaning they would cost the same regardless of whether powered by an engine or a battery with electric motors. This milestone would mark a significant shift in the automotive industry.
Yet, in North America, this parity did not materialize. The US market presents unique challenges for automakers, hindering the introduction of $15,000 EVs despite progress elsewhere. These obstacles underscore the complexities of adapting global innovations to the American context, where factors like infrastructure and regulations play a role.