That used to be true; it no longer is. In the EU, some of the cheapest cars on the marker in 2026 are now electric. There are a few nice options in the 15K-20K Euro segment. These are the opposite of luxury cars. There are a quite a few new more joining the half dozen or so that were for sale last year. The trend here is that EVs are becoming the cheapest option.

A few cars from Stellantis that are available in ICE and EV variants are now actually cheaper in the EV variant. This reflects the reality that batteries are now cheap and EVs don't have a lot of moving parts. So, they should be easier and cheaper to assemble. That's a trend that is spreading across all price segments in the next few years. Driven by component and cheap battery availability.

Used EVs are widely available now as well. You can get some amazing deals on cars that mostly still have their drive trains + batteries under warranty. Lots of cars coming out of lease programs are sold on second hand. EVs have been very popular for car leasing for the last 6-7 years now. These are mostly still the relatively expensive models from a few years ago.

The cheap EVs that are now on the market will inevitably start penetrating the second hand market in larger and larger numbers. Cheap ICE cars are disappearing rapidly from the market as models are being discontinued by manufacturers and as the market shares for ICE vehicles keep on shrinking. That means they'll also start getting more scarce in the second hand market in a few years. You'll still be able to get your Ford Fiesta. But it will be a model from before it was discontinued a few years ago. Or the new electric model that they are rumored to launch soonish.