Range continues to be a key concern for buyers of electric vehicles, but we are steadily making our way toward 300 miles of mean and median range for BEVs available in the US. In the chart below you can see the average BEV range has ticked up consistently since 2013 to about 250 miles of range by the end of 2020.
We’ll be updating our forecast for EPA range averages in the future, but we expect that BEVs available in the US will reach the magic 300 miles threshold likely in 2024, though possibly 2023. Both the mean and median numbers can be a little misleading, however, as with several Tesla, Lucid, GMC Hummer and other models in the 400 or mile miles of range — they can skew the averages a bit.
There are six PHEVs that currently qualify for the $7,500 maximum tax credit, and their electric range is from a low of 21 miles for the Jeep Wrangler 4xe to a high of 65 miles for the Polestar 1. They also range in MSRP from about $38,000 for the Toyota RAV4 Prime to $165,000 for the Polestar 1.