Splashy headlines about Tesla slashing prices for its entry level electric SUVs below the average cost of new U.S. cars and trucks including gasoline burners may be a little less dramatic than they appear, considering the average cost of a new vehicle is close to $50,000 US.But people who watch the industry say the Tesla move is just one indicator of a global transformation in the automotive sector as legacy car makers learn how to make electric vehicles (EVs) as efficiently as the internal combustion vehicles that still provide most of their income.
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