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The Future of EVs: Will They Ever Be Affordable?

22 Mar 2023 | Abstracted from GoBankingRates

"The market welcomed several new relatively affordable electric vehicles in 2023...combination of reshoring and increased production capabilities, along with less expensive battery chemistries like lithium iron phosphate and increased competition across all market players, will combine to make electric vehicles cheaper to purchase and own than their combustion equivalents before the decade is out."

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