Source: NYT > Business
The EV market's current downturn is obscuring a structural win: affordable long-range vehicles are no longer a spec sheet fantasy but an actual product category with real options from Tesla, Chevy, and others. The sub-$40K price ceiling has always been the true mass-market floor in the U.S., and hitting it with 200+ mile range removes the primary friction point that kept EVs as early-adopter purchases. The slump isn't killing the transition—it's clarifying which automakers can actually compete on unit economics rather than just subsidies and hype.