Part 8/10:
The declining costs of EV batteries—sometimes by over 90%—along with government incentives worldwide, are making EVs increasingly accessible. In Singapore, for example, the price of a BMW iX3 now rivals its petrol counterpart, encouraging more consumers to consider electric options.
Governments are actively promoting EV adoption through subsidies, tax rebates, and infrastructure development, effectively lowering the total cost of ownership. These measures contribute to a more sustainable transition, though widespread global adoption still faces hurdles.