Europe says electric vehicles are proving to be too expensive for the middle class

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Written By Jennifer Joslyn

🇪🇺 Europe says electric vehicles are proving to be too expensive for the middle class. 

Europe has slowed production of lithium-powered cars, their production this year is expected to be over a million cars less than the original estimate. The cost of the battery pack, which is the most expensive component of an electric vehicle, can account for a significant portion of the overall cost of the car. While battery costs have been decreasing in recent years, they are still higher than the cost of traditional combustion engines.

Read more from Institute for Green Energy Research ▶

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Jennifer Joslyn
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