Why are electric vehicles so expensive?

Why are electric cars so expensive? Surely nearly all the components are cheaper to produce than conventional petrol/diesel versions.

Asked on 29 October 2019 by nomeandude

Answered by Andrew Brady
Mainly because of the batteries. Battery production is very expensive and the batteries in an EV alone can be worth thousands. With demand exceeding supply, manufacturers can currently afford to ask high prices for electric cars.
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