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Soon an Electric Vehicle Will Cost Less Than An IC Engine Vehicle !!!

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Currently, Electric vehicles are expensive because, The Li-ion batteries which power the electric vehicles are costlier. Auto giants were reluctant to shift their focus from gasoline cars to electric cars. A rise in oil price and tax on crude products also might play a significant role in countries without oil reserves.

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Can Electric Vehicles Speed Up As The Economy Slows Down?

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Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel. Moreover, EVs are not only proving to be more robust amidst an auto industry in decline, but they are also already displaying some signs of recovery.

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