By 2025 electric cars will be cheaper than cars with ICE

By 2025 electric cars will be cheaper than cars with ICE

March 24, 2018 0 By autotimesnews

While electric cars are more expensive than cars with gasoline or diesel engines with similar equipment, but the trend may change to the opposite in seven years.

Electric cars of individual brands will cost about the same as cars with internal combustion engines by 2024. In a year EV can become cheaper than them. This is reported by the publication Bloomberg.

Due to the expected increase in mass production of lithium-ion units, the prices for batteries can fall to $ 70 for 1 kWh by 2030. Such data is provided by the publication. For example, at the moment the unit cost is 208 dollars. And this, among other things, is the cause of high prices for electric cars.

“Sales of electric vehicles will continue to grow in the coming years. However, in order to create a mass market, it is necessary that the prices for batteries decrease even more. If the cost of batteries is constantly growing, the result will not be achieved,” – said New Energy Finance analyst Colin McCarracher to the publication.

Government preferences for automakers also have an important role to play in cleaning up the environment in megacities. Such benefits may affect the reduction of margins and the cheapening of electric vehicles for end-users.