EV prices have fallen again meaning the gap with gas cars is now only $6,500
Published on Mar 13, 2026 at 11:02 PM (UTC+4)
by Molly Davidson
Last updated on Mar 13, 2026 at 1:43 PM (UTC+4)
Edited by
Amelia Jean Hershman-Jones
EV prices used to feel astronomically high when compared to their gas car counterparts.
Gas cars were considered the cheaper and easier option.
But lately, the price gap has been shrinking.
And now the difference between the two is smaller than it has been in years.
Click the star icon next to supercarblondie.com in Google Search to stay ahead of the curve on the latest and greatest supercars, hypercars, and ground-breaking technology
EV prices are falling and the gap with gas cars is shrinking
New estimates from Kelley Blue Book show the average price of a new EV slipped slightly in February.
At the same time, prices for gas-powered cars crept up.
Because of that, the price difference between the two has narrowed to around $6,500, which is one of the smallest gaps seen in a long time.
The average transaction price for a new electric vehicle in February landed at about $55,300.
That is down 1.4 percent compared with the same time last year and about 0.6 percent lower than January.
However, the sticker price is only part of the story.
Automakers have also been leaning much harder on incentives to help move EVs off dealer lots.
In February, the average EV incentive package reached about 14.2 percent of the vehicle’s transaction price.
That is more than double what the broader car market typically offers.
In simple terms, car companies are throwing bigger discounts at EV buyers to keep sales moving.
Those discounts, combined with slightly falling EV prices and rising gas car prices, are helping close the gap between the two.
Tesla moved in the other direction while EV sales slowed
While many brands pushed prices down or boosted incentives, Tesla actually nudged its prices upward.
Its average transaction price climbed to around $53,821 in February, roughly three percent higher than it was a year earlier.
With those higher prices, the manufacturer sold fewer cars.
Kelley Blue Book estimates the company delivered about 38,500 vehicles in February, down 8.9 percent compared with the same month last year.
Even so, the bigger shift is happening on the pricing side.
As EV prices edge down and gas car prices creep upward, the once-wide gap between the two is starting to look a lot smaller than it used to.
DISCOVER SBX CARS: The global premium car auction platform powered by Supercar Blondie
With roles at TEXT Journal, Bowen Street Press, Onya Magazine, and Swine Magazine on her CV, Molly joined Supercar Blondie in June 2025 as a Junior Content Writer. Having experience across copyediting, proofreading, reference checking, and production, she brings accuracy, clarity, and audience focus to her stories spanning automotive, tech, and lifestyle news.
