How much does an EV cost? Pete Buttigieg offers an optimistic price comparison

Electric vehicles are too expensive for a lot of consumers, but they are not as expensive as you might think.

Pete Buttigieg, transportation secretary, was asked in a House committee meeting if he stood by his comments that Americans who are upset about gas prices should switch to electric vehicles. The Republican Representative from Pennsylvania cited the Kelley Blue Book's starting price of $55,000 for an EV, or about $200,000 more than a traditional passenger vehicle.

Buttigieg was ready to go. He said that he pulled some of the latest prices. He said the following.

The former mayor clarified that he doesn't believe the cost of electric vehicles is within reach for all consumers at the moment. A recent study from Energy Innovation: Policy and Technology found that being the owner of an EV is easier on the pocketbook than owning a traditional car.

Electric vehicles are usually more expensive than traditional cars. The most well-known EV brand in the U.S. isTesla, and some of its models will cost you six figures and higher. You can get one for less than $50,000.