The Baker Electric and the Model T had about the same price during their first year of production ($800ish). The Model T went down in price only with scale and manufacturing innovations during that time period.

However, a Model T is quite a bit more complex to manufacture than a Baker Electric. What you are thinking of is probably the reason for why IC cars won over steam cars.

Though the electric car existed it was never a contender for a mass adoption because of the same reasons why electric cars today aren't quite as good either, range and time to refuel.