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Why does the BMW i7 have a higher price point compared to other electric vehicles?

I am considering purchasing a BMW i7, but I am concerned about its higher price point compared to other electric vehicles on the market. Can you explain the technical reasons for this difference?

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The BMW i7 uses advanced technology such as carbon fiber-reinforced plastic construction and a high-voltage battery system, leading to a higher production cost compared to other EVs.

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BMW has a reputation for producing high-quality and luxurious vehicles, so the i7's price point is reflective of the brand's premium image.

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