Electric vehicles (EVs) are actually cheaper to own and operate over the long term than gasoline cars, but their initial purchase price is typically higher than gasoline equivalents, which drives many potential buyers away. What if they could be made cheaper? The cost of EVs often comes down to one major part: the battery. In the video above, Jason Tanz, Rev’s editor-in-chief, explains why batteries, and the vehicles that need them, are so expensive and how technologists are working to bring the price down.

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