Though car nuts may prefer the rumble of a gasoline engine and the satisfaction of changing gears, these aren’t the main reasons consumers primarily stick to gas. Besides price, the biggest has been charging speed. You might think the issue is range anxiety, but that’s a myth; range anxiety is a symptom of slow charging speeds. And, in a roundabout way, those have also made electric cars far more expensive.

Electric cars are mechanically simpler than gas-powered cars, with far fewer parts, which should reduce manufacturing and parts costs, and therefore costs. But then batteries come into the mix.  Because of this fear of running out of charge and how long it would take to fill up again, manufacturers began a range arms race, fighting to pass 500 miles of range on a charge. But, as batteries are both the most expensive and heavy part of an electric car, this has spiraled their costs out of control.