Europe says electric vehicles are proving to be too expensive for the middle class
🇪🇺 Europe says electric vehicles are proving to be too expensive for the middle class.
Europe has slowed production of lithium-powered cars, their production this year is expected to be over a million cars less than the original estimate. The cost of the battery pack, which is the most expensive component of an electric vehicle, can account for a significant portion of the overall cost of the car. While battery costs have been decreasing in recent years, they are still higher than the cost of traditional combustion engines.
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