Automakers rollout new line of electric vehicles with more 'affordable' price tags

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Automakers rollout new line of electric vehicles with more 'affordable' price tags
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In their drive to have EVs dominate vehicle sales in coming years, automakers are promoting their new models as having the range, price and features to rival their gas-powered competitors.

Eric Wachsman, professor at the University of Maryland and director of Maryland Energy Innovation Institute, weighs in on some of the reasons why some people are not totally behind electric vehicles.

Some are so far proving quite popular. Ford’s $45,000-plus Mustang Mach E is sold out for the model year. On Monday night, General Motors’ Chevrolet brand introduced an electric version of its Blazer, also starting around $45,000, when it goes on sale next summer. The new models, which can get about 300 miles per electric charge, are aimed at the largest segment of the U.S. market: Modest-size SUVs, representing about 20% of new-vehicle sales. Industry experts say entering the smaller SUV segment, with its reach into a broader demographic of buyers, is sure to boost electric vehicle sales nationally.

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