Why 2023 promises great expectations in a value-driven EV market
E&T
JANUARY 13, 2023
Based on data from the Society of Motor Manufacturers and Traders (SMMT), this could be the result of different factors that are currently affecting the automotive industry, including rising inflation and cost of raw materials. Due to the current cost of battery manufacturing, many EVs cost more than a comparable ICE vehicle.
Let's personalize your content