https://www.nerdwallet.com/article/loans/auto-loans/china-el....

China is currently subsidizing electric cars pretty heavily and lithium-ion batteries are dropping in costs pretty dramatically over there.

Also with current tax-rebates you can get a chevy bolt for like ~20k. Which is a lot less than such cars used to be with that kind of range.

Prices might have gone up recently but if we compare EV prices from 5 years ago you are getting dramatically more for the money now.