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▲ dboreham 2 hours ago

EVs are marketed as premium because the cost much, much more than ICE vehicles. Or at least did/do today. The logic is this: you make a car with a very expensive battery in it. It now costs 1.5/2X the cost of the same size ICE vehicle. Nobody will buy it. But if you add some bells and whistles that have high margin, you can now make a luxury EV that only costs 1.2X as much as the equivalent ICE vehicle. Government tax incentives close the gap further.