Upfront Cost Vs Total Cost of Ownership
EVs may have a higher Upfront Cost but they actually have the lowest Total Cost of Ownership (TCO) compared to petrol, diesel and CNG vehicles.
See the table below. It shows total cost of ownership for a 200
Why EV cars sales are declining?
EV markets in US and Europe also sees a drop in sales.
Vehicle manufacturers like Ford which commited to be completely electric by 2030, is now shifting towards becoming complete hybrid.
What is going wrong in EV sec