Global EV prices drop below hybrids as low-cost Chinese cars spread

Electric vehiclesAdoption accelerates in emerging markets, fueled by cheaper batteriesChinese automakers with affordable EVs, such as BYD, have made inroads in emerging markets. © ReutersKOKI IZUMIAugust 8, 2026 02:01 JSTTOKYO -- Prices for electric vehicles were lower globally on average than for hybrids last year, thanks to cheaper batteries as well as Chinese automakers that benefit from economies of scale making inroads in emerging markets.