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When Will Cost Parity Between EVs, ICE Vehicles Materialize

Price parity among electric, gasoline and diesel-powered vehicles has for a long time been predicted to be the turning point in sales for electric vehicles. Considering how inexpensive electric cars are to operate, choosing a gasoline or diesel vehicle will make no financial sense for the vast majority of consumers if both options cost the same.

The cost of batteries and car production costs are the two key factors influencing the…

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