The shift toward electric mobility is gaining momentum, yet mass adoption remains a challenge as consumers weigh the value of EVs against ICE vehicles.
Initial purchase price remains the most straightforward way to evaluate vehicle value, but total lifecycle costs and consumer perceptions also play critical roles.
Recent advancements have narrowed the price gap between EVs and ICE vehicles significantly, with some models now differing by less than 10% in purchase cost.
With available incentives such as substantial tax credits, the initial cost of EV ownership can compare favorably to ICE vehicles, heightening consumer interest in EVs.
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