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The Slow, Surprising Death of EV Range Anxiety

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The Slow, Surprising Death of EV Range Anxiety

A decade ago, an electric vehicle with more than 300 miles of range would have cost you nearly $100,000.

Today, 300 miles of range sits in the middle of the market and consumers can expect at least 200 miles in even the least expensive models, based on the latest 2027 model-year data on fueleconomy.gov.

This increase in range reflects falling battery costs and technological improvements. It’s helping boost the appeal of owning an EV by reducing range anxiety—the fear of being stranded mid-trip with nowhere to charge.

According to BloombergNEF, the global average price of a lithium-ion battery pack was $108 per kilowatt-hour in 2025, down 8 percent from the prior year and down more than 90 percent since 2010.

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That’s “an astonishing number,” said Pavel Molchanov, managing director for renewable energy and clean technology at the financial services firm Raymond James, in an interview.


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