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Ford CEO Predicts Upcoming EV Price War

At the moment, only a small percentage of the population can truly afford to purchase an electric vehicle. The average EV costs at least $30,000 to $40,000, not to mention the cost of purchasing and installing a charger at home. For the past couple of years, governments across the world have provided discounts and incentives to reduce the cost of electric vehicles and increase sales.

According to Ford CEO Jim Farley, that situation may come to an end. With the cost of manufacturing electric vehicles steadily reducing, Farley sees a…

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