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Alongside electrification, the integration of advanced driver-assistance systems (ADAS) has evolved, enhancing the safety and convenience of driving. Features such as adaptive cruise control, lane-keeping assistance, and automatic emergency braking are becoming standard in many new light duty vehicles. These technologies are designed not only to reduce accidents and make driving more enjoyable but also to pave the way toward fully autonomous vehicles. While fully autonomous LDPVs are still a topic of research and development, many companies are actively testing their capabilities on public roads, highlighting a significant paradigm shift in vehicle operation.


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Battery prices have fallen dramatically over the past decade, from around $1,100 per kilowatt-hour in 2010 to below $150 per kilowatt-hour today. Many experts believe that when battery prices fall to around $100 per kilowatt-hour, electric cars will reach price parity with gas-powered vehicles without subsidies. This milestone is expected within the next few years, making new energy-electric cars more affordable for the average consumer.

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