There's a lot of hype about Chinese EVs—is any of it true?

And why wouldn’t people want them? The average price of a new vehicle in the US in 2025 rose to $50,326 by year’s end. That’s up from ~$40,000 in 2020 and $35,000 in 2015. (Those numbers are for the mean; the medians are slightly less, but the difference is not great.) Despite the sharp increase in 2020 caused by the pandemic and its associated supply shortages, average sales prices appear to have risen relatively linearly over time, according to Cox Automotive’s data set . …