Electric vehicles are still a relatively new technology, and as with any new technology, they tend to be more expensive than established technologies. Here are 10 major reasons why electric vehicles are so expensive:

1. Development and production costs: Developing and producing electric vehicles is expensive. The technology is still new and there are a lot of costs associated with getting electric vehicles on the road.

2. Batteries: Batteries are one of the most expensive components of electric vehicles. They are also one of the heaviest, which adds to the overall weight of the vehicle and increases production costs.

3. Charging infrastructure: Electric vehicles need to be charged and charging infrastructure is still in its infancy. There are costs associated with building out this infrastructure, and those costs are passed on to consumers.

Read more: https://www.mechanicalsite.com/2022/07/electric-vehicles-expensive.html