Tesla Model 3 & Model Y Now Cost Less Than Gasoline-Powered Equivalents

For years, we have been hearing the same old refrain about how electric cars like Tesla cost so much more than cars powered by gasoline engines that only the wealthy can afford them. For many, their attitude was, “Call me when EVs are affordable.” Well, now the call has arrived.

Electric vehicles accounted for more than 7 percent of new cars sold in the U.S. in the first half of 2023. That’s an important milestone. ​“Once 5 percent of new car sales go fully electric, everything changes,” according to an analysis by. It calls the 5 percent point a key tipping point that marks the shift to mass adoption. After that threshold is crossed,says.

The battle for the electric truck market is also about to begin. Rivian’s R1T electric truck continues to outsell Ford’s F-150 Lightning. Meanwhile, after years of delay, Tesla’s Cybertruck will finally launch soon — two years behind schedule. Pickup trucks in particular are a high-profit-margin product line, which is why the UAW last weekfrom GM within hours after it threatened to expand its strike to the Arlington, Texas factory where the company’s most profitable vehicles are made.

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