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Why is the BMW i5 more expensive than its competitors?

I am considering purchasing a new electric car and have been looking at the BMW i5. However, I noticed that it is significantly pricier than other electric cars on the market. Can you explain why this is?

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The BMW i5 is more expensive because it is a luxury electric car that offers premium features and technology. Its build quality and materials are top-notch, which adds to the overall cost.

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In addition, BMW i5s have a higher performance rating compared to other electric cars, meaning they can accelerate faster and have a longer range. This technology comes at a higher cost.

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