HIGH-END ELECTRIC vehicles (EVs), such as Hyundai IONIQ 5, Kia EV6 or MG ZS EV, are expensive because they offer higher comfort, performance, and aesthetics. Further contributing factors include advanced technology, extensive research and development costs, and luxury features often included in high-end models. A paradigm shift is taking place in the market as premium features are now making way into more affordable electric variants, reflecting the evolving aspirations of consumers and strategic efforts by automakers to balance cost and premium offerings.
This story is from the December 30, 2024 edition of Financial Express Chandigarh.
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This story is from the December 30, 2024 edition of Financial Express Chandigarh.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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