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- More affordable EVs are on the way this year.
- Car companies are scrambling to offer more affordable EV options amid demand slump.
- There are still some EV options in the $30,000 to $40,000 range.
As electric vehicle shoppers become more practical and price-conscious, inexpensive EVs are having a moment.
Affordable electric models are becoming a key piece of the auto industry's transition away from fossil fuels as demand for the more expensive models falls.