The cost of producing electric cars will be cheaper than fossil fuel cars by 2027

Tram Ho

By 2026, the cost of producing large vehicles like electric sedans and SUVs will be as cheap as gasoline and diesel models, according to a forecast by BloombergNEF , while small cars will follow in the year. next.

The achievement of electric vehicles at the same price as internal combustion engine vehicles could be seen as a major milestone for the world that is in the process of transitioning from fossil fuels to other types of energy. more environmentally friendly renewables.

The cost of producing batteries for electric vehicles, combined with the introduction of specialized production lines in factories, are two important factors that make electric vehicles easier to buy than cars. somewhat traditional for the next six years, even before governments start implementing subsidies, according to BloombergNEF.

Currently, the average pre-tax retail price of a mid-size electric car is around €33,300, compared with €18,600 for a petrol car. By 2026, the selling price of both vehicles is forecast to be around 19,000 euros.

By 2030, the same electric car will have a pre-tax price of 16,300 euros, while petrol cars will increase in price to 19,900 euros.

The timeframe given by BloombergNEF above is said to be “safer” than other forecasts, including one from investment bank UBS. According to UBS, the price of electric cars will equal the price of gasoline cars by 2024.

However, forecasters agree that the cost of producing new batteries will continue to fall in the coming years.

New research conducted by Transport & Environment, a Brussels-based non-profit that advocates for clean transport in Europe, predicts that new battery prices will fall by as much as 58 percent between 2020 and 2030. 58 USD/kilowatt hour (kWh).

Chi phí sản xuất xe hơi điện sẽ rẻ hơn xe hơi chạy nhiên liệu hoá thạch vào năm 2027 - Ảnh 1.

Charging infrastructure is one of the important factors for electric cars to become more popular

Dropping battery costs below $100/kWh is seen as an important step on the road to electrification, and will make the financial appeal of hybrid electric vehicles (which combine batteries and motors) more attractive. traditional muscle) decreased significantly.

Sales of electric vehicles have experienced a strong boom in 2020, especially in the EU and China, but environmentalists are still calling on governments to enact regulations to control emissions. stronger to encourage consumers to make the switch.

The UK government plans to ban the sale of new fossil fuel-powered vehicles by 2030, while European companies are calling on the EU to set 2035 as a deadline for sales of internal combustion engine vehicles in the bloc. this.

Julia Poliscanova, T&E’s director of electric vehicles and vehicles, says more stringent CO2 reduction targets are needed to accelerate the transition to electric vehicles.

With the right policies, battery electric cars and vans could account for 100% of car sales by 2035 in western, southern, and even eastern Europe. The EU could set a 2035 deadline to aim make sure the market is ready. New polluting vehicles will not be allowed to be sold after that, ” she said.

The high cost of batteries, which account for one-quarter to one-fifth of the cost of an electric vehicle, used to be the reason why major car manufacturers around the world were reluctant to switch from vehicle production fossil fuel steam, which is more profitable.

Lower cost is a very important factor that makes electric vehicles more attractive in the eyes of consumers, especially when combined with range – the distance a vehicle can travel before needing to be charged again. back – get longer and improved charging systems.

Once you can go more than 200 miles on a single charge, and you have a really good charging infrastructure, electric cars become obvious. We’ve seen this in Norway. ” David Bailey, professor of economics at the University of Birmingham.

However, he believes the UK government still needs to improve the charging system: ” We are lagging behind other Nordic countries, and we definitely need a plan to roll out faster charging infrastructure, in home and on the road

Reference: TheGuardian

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Source : Genk