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The article says the battery accounts for 23% of the $37,500 MSRP. That works out to about $8,600. If GM isn't turning a healthy profit from the remaining $29,000, they are doing something wrong. Electric motors are cheaper than internal combustion engines, and are a simpler drive train. Everything about an EV is simpler than the ICE counterpart, with exception to refueling.
I'd say the vehicle is priced a little high still, considering $29,000 will buy a bigger, more equipped conventional vehicle.
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