BNEF: Electric Vehicles Will Soon Cost Less Than Conventional Cars  

Posted by Big Gav in

Bloomberg NEF is forecasting that up-front electric vehicles will match those of fossil fuelled cars by 2025 - Pretty Soon Electric Cars Will Cost Less Than Gasoline.

Now research from Bloomberg New Energy Finance indicates that falling battery costs will mean electric vehicles will also be cheaper to buy in the U.S. and Europe as soon as 2025. Batteries currently account for about half the cost of EVs, and their prices will fall by about 77 percent between 2016 and 2030, the London-based researcher said. “On an upfront basis, these things will start to get cheaper and people will start to adopt them more as price parity gets closer,” said Colin McKerracher. “After that it gets even more compelling.”

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