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Electric Vehicles Tantalizingly Close to Price Parity with Gas Burners

20 Mar 2023 | Abstracted from Clean Technica

"The main reason for the steadily shrinking cost of an EV can be found in its batteries...battery costs have been on a steady downward trajectory ever since the advent of modern EVs, thanks to improvements in the technology along with economies of scale resulting from higher production volumes.

"LFP, which is cheaper and more durable, is likely to become the technology of choice for lower-priced mass-market EVs."

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