As governments worldwide push a shift away from internal combustion engine (ICE) vehicles to electric vehicles (EV) to help decarbonise, the race to manufacture a wide range of EV models is well underway. As well as electric car companies, most major automakers are now investing in the development of their EV business, all too aware that the ICE vehicles market will dwindle in the coming decades.
But as companies hurry to source the components needed for production and the metals and minerals needed for EV batteries, they must contend with supply…How Cheap Can EVs Actually Get?
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