Kelley Blue Book, the average price of an electric car
Kelley Blue Book, the average price of an electric car in September 2022 was $65,291 . Meanwhile, the average price for a gas-powered vehicle was $48,100. Moreover, many used gas-powered cars cost between $5,000 and $15,000. In 2016, 78% of federal EV tax credits flowed to taxpayers with incomes over $100,000. Other proposed mobility spending includes $150 million to help school districts buy 500 electric school buses, $45 million for local governments and businesses to transition their fleets to EVs, and $10 million to transition the state’s fleet to EVs. Whitmer said that electric school buses would reduce energy costs for schools, lower asthma rates and hearing loss, and reduce road noise.The spending is piled onto $110 million of planned EV infrastructure spending to prepare for 2 million EVs on the road by 2030, according to state projections .