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  1. Electric vehicles market overview

    ... making the replacement of cars with EVs a matter of state policy. Price also plays a role here. All over the world, it is holding back adoption, since an electric vehicle costs on average twice as much as its ICE equivalent. Over in China, SAIC-GM-Wuling Automobile, a joint venture between U.S.-based General Motors and two local, state-sponsored carmakers, has launched the “people’s” electric vehicle – the base model costs just USD 4,500. The stands in stark contrast to the market’s ...