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It’s worth noting that despite the current trajectory of battery technology, the EV sector remains relatively young compared to the 120-year development of internal combustion technology. As investment in EV batteries continues to surge, there is great potential for breakthroughs that could further reduce costs and improve performance.
While some may remain skeptical of these projections, the underlying trends are difficult to dispute. If the historical trajectory of battery price reduction continues as anticipated, the EV market could see transformative changes within this decade, potentially ushering in a new era where electric vehicles dominate the automotive landscape.