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Financing and Ownership Hurdles: Challenges for Electric Fleet Adoption 

This article explores the challenges faced by fleet owners considering a switch to electric vehicles (EVs). While EVs offer environmental benefits, two major hurdles persist: financing and high upfront costs compared to traditional vehicles. The article proposes a multi-faceted approach to overcome these obstacles. Collaboration between the government, financial institutions, and the EV industry is crucial for developing innovative financing models. Additionally, subsidies and incentives can help bring down the initial cost of electric vehicles for fleet operators.

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