Electricity, as a more processed energy form, is generally more expensive than fossil fuels on a per-joule basis. However, even at higher energy prices, BEVs still cost less than ICEVs per unit of by powertrain type and vehicle segment, averaged across the 40 countries. On average, travel by ratio is 4.5 for three-wheelers, 4.2 for cars, and 3.0 for buses. For freight, the ratio is about 2.8 for
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