If you’re shopping for a new electric car, brace for some sticker stock. Vehicle valuation site Kelley Blue Book said the average transaction price for a new electric car in the U.S. was approximately $59,200 in March 2025.

But electric vehicles are overrepresented in the luxury market, so that average is going to skew high. The site says all-in prices can range quite a bit, from as low as $29,280 for a new Nissan Leaf to upward of $100,000 for a Mercedes-Benz EQS SUV.

As EVs get more popular, the prices will continue to come down, said Jason Zimbler, senior director for light duty vehicles for clean transportation nonprofit CalStart.

“The scale of battery production has been going up dramatically,” he said. “With economies of scale, you’re getting cheaper and cheaper batteries, and the batteries are the most expensive component in the EV. So as batteries are getting lower cost, we’re getting a future of cheaper EVs.”