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Automakers are increasing the number of electric vehicle models in their product portfolios, and are highlighting their models' unique package of value based on features

Automakers are increasing the number of electric vehicle models in their product portfolios, and are highlighting their models' unique package of value based on features like horsepower, efficiency, range, style, and price. This promotional focus is appropriate because electric vehicles are in which stage of the product life cycle?

  1. Decline
  2. Maturity
  3. Introduction
  4. Growth

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