New York City says electric cars are now the cheapest option for its fleet

Electric cars are expensive. The sticker price for electric vehicles (EVs) has historically exceeded that for comparable gasoline cars. But that’s less true every month. The arrival of cars like Kia’s $33,145 electric Soul, GM’s $36,620 Bolt, and Tesla’s $35,000 Model 3—not to mention the $23,800 Smart EQ—have pushed the price of top-reviewed EVs below the median price for cars in the US. And that’s before thousands of dollars in state and federal incentives.

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