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Why is the BMW iX3 more expensive than other electric vehicles?

I am interested in purchasing an electric vehicle and have noticed that the BMW iX3 is significantly more expensive than other options. What factors contribute to this price difference and is it worth the extra cost?

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The BMW iX3 is a luxury electric vehicle and therefore has a higher price point compared to other more mainstream options. Its superior design, performance, and features justify the extra cost.

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