Hyundai launches its XCIENT hydrogen fuel-cell electric truck fleet

According to Kelley Blue Book (KBB), the average transaction price (ATP) of electric vehicles (EVs) in October 2024 was $56,902. This is lower than the revised September estimate of $57,580. Compared to the same period last year, EV prices have increased by 0.9%. Additionally, EV ATPs in October were higher than the industry average by approximately 14%, which is in line with the premium paid one year ago. This data suggests that while EV prices are increasing, they are not rising at a rapid pace. The 0.9% year-over-year increase is relatively modest, indicating that the growth of the EV market is still steady but not explosive. The 14% premium paid for EVs compared to the industry average may be due to factors such as government incentives, fuel efficiency, and environmental benefits, which are perceived as valuable by consumers.