Which of the following drives the market for electric vehicles (EVs)?

The driving factors behind the market for electric vehicles (EVs) are both the decreased cost of electric vehicles and the increased interest in alternatives to gas-powered vehicles. As the production of EVs has scaled up, advancements in technology have led to significant reductions in manufacturing costs, making electric vehicles more affordable for consumers. This decrease in price opens up EVs to a wider market, encouraging more people to consider them as a viable option for their transportation needs.

Additionally, there has been a growing public interest in sustainable and environmentally friendly transportation options. As more consumers become aware of the environmental impact of traditional gas-powered vehicles and seek alternatives that reduce carbon footprints, the demand for electric vehicles has surged. This combination of affordability and consumer awareness is pivotal in driving the EV market forward, making the chosen answer comprehensive in addressing these critical influences.