- fewer number of parts - faster manufacturing since IC engine has a lot more parts - Battery manufacturing has been a while now (EVs still same cells as other applications) - In general, much lower BOM (Bill of Material) - granted, Software is more advanced but if we take Tesla out of picture, rest of the EV companies, have standard software - Is due to economies of scale problem?

Please ignore current supply chain shortage issues as that is temporary (hopefully) and EV's were expensive prior to covid as well