Due to
manufacturing advances, economies of scale, and battery cost reductions,
electric car prices have fallen. Individual financial incentives, subsidies,
and financing choices are crucial to making electric automobiles available to
more people. Participating in these projects can help electric car
manufacturers, government officials, and other stakeholders overcome challenges
and create a more welcoming climate for electric vehicles. As technology
advances, charging infrastructure grows, and prices fall, electric vehicles may
become more enticing to more users. (Loustric, 2020)