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Saturday, May 27th, 2017

Electric cars to be cheaper than petrol ones within a decade, says study

Author:     Jess Shankleman
Source:     The Independent (U.K.)
Publication Date:     25 May 2017
 Link: Electric cars to be cheaper than petrol ones within a decade, says study
Stephan:   Here is another example of the Theorem of Wellbeing. By choosing the option most productive of wellbeing, costs go down, pollution decreases, and on and on. As you read this keep in mind the two pieces I ran a few days ago about the development of wireless technology allowing solar roadways to charge vehicles as they drove over them.

Battery powered cars will soon be cheaper to buy than conventional gasoline ones, offering immediate savings to drivers, new research shows. (emphasis added)

Automakers from Renault SA to Tesla Inc. have long touted the cheaper fuel and running costs of electric cars that helps to displace the higher upfront prices that drivers pay when they buy the zero-emission vehicles.

Bloomberg New Energy Finance sees electric cars becoming cheaper than conventional vehicles by 2030.

Now research from Bloomberg New Energy Finance indicates that falling battery costs will mean electric vehicles will also be cheaper to buy in the US and Europe as soon as 2025.

Batteries currently account for about half the cost of electric vehicles (EVs), and their prices will fall by about 77 per cent 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, an analyst at the London-based researcher.

“After that it gets even more compelling.”

Renault, maker of the Zoe electric car, predicts total […]

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