“Between 2020 and 2025, Battery Electric Vehicle Prices Drop by 18% and Model Options Quadruple”

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A new study has revealed significant changes in the market for electric vehicles (EVs) in Germany, Europe’s largest car market. According to a joint study by the International Council on Clean Transportation (ICCT) and the Fraunhofer Institute for Systems and Innovation Research ISI, the average prices of battery electric cars have dropped by 18 percent in real terms between 2020 and 2025.

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