The price of the production of electric cars will be equal to the standard cars by 2024

The price of the production of electric cars will be equal to the standard cars by 2024

October 23, 2020 0 By autotimesnews

Production costs for electric cars will decrease and in four years, that is, in 2024, they will be equal to the price of production of cars that have internal combustion engines. This information was shared by The Guardian, based on the UBS report.

According to bank analysts, at the moment the high cost of the production process of electric cars is due to the fact that electric accumulators are quite expensive. Now batteries account for 25 – 40% of the cost of an electric car.

At the same time, it is noted that manufacturers, by improving technological developments, have the opportunity to annually reduce the cost of producing batteries.

UBS predicts that by 2022 the price difference between an electric motor and an internal combustion engine will be approximately $ 1,900, and by 2024 it will completely disappear, which will stimulate car manufacturers to start producing electric cars.

In addition, it was recently noted that the Italian company Fiat demonstrated a completely updated modification of the 500 Electric. It is worth saying that the novelty has acquired wide possibilities of use.