Q
why are electric vehicles so expensive
I'm a seasoned industrial engineer with a keen interest in machine learning. Here to share insights on latest industry trends.
The price of electric cars is largely attributed to the expensive nature of their components. particularly the batteries. These batteries contain rare materials like lithium. cobalt. and nickel. making them pricier than those found in traditional vehicles. Other factors driving up costs include research and development expenses. limited production numbers. top-of-the-line motors. and advanced technological capabilities. But as technology progresses and becomes more readily available. it is anticipated that costs will decrease in the coming years.
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