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There are several reasons why people might buy electric vehicles (EVs):
Environmental benefits: EVs produce no tailpipe emissions and have a lower overall environmental impact than gasoline-powered vehicles, which can appeal to people who are concerned about air pollution and climate change.
Lower operating costs: EVs typically have lower operating costs than gasoline-powered vehicles, as they require less maintenance and have lower fuel costs. This can make them a more economical option for many people.
Government incentives: Many governments offer incentives, such as tax credits and rebates, to encourage people to buy EVs. This can make EVs more affordable and attractive to potential buyers.
Performance and technology: Many EVs are designed to offer good performance and a smooth, quiet ride, as well as advanced technology and features, such as fast charging and connectivity. This can make them appealing to people who are looking for a high-quality and enjoyable driving experience.
Overall, the reasons why people buy EVs can vary, but they often include a combination of environmental, economic, and personal factors.
The rising cost of living and the ongoing climate crisis has led to a surge in demand for electric vehicles
How can #battery suppliers keep themselves ahead of the curve and manage production levels effectively?
Find out here: https://t.co/uIpVTKgglg #EVs pic.twitter.com/FyDfwUgKn0
— McKinsey & Company (@McKinsey) December 6, 2022
