EVs Will Be Cheaper Than The Cars With ICE In 7 Years, – Experts

According to experts’ forecasts, by 2025 electric cars will be cheaper than cars with an internal combustion engine, the Bloomberg reports.

The cost of 1 kWh of lithium-ion battery, which today equals approximately $208, will decrease with the growth of battery production and will reach $70/kWh by 2030, the newspaper believes. The fact that manufacturers will enlarge the production of lithium-ion blocks due to the high demand for them – is not questioned.

Since an electric vehicle is expensive because of the high price of the battery in it, it will fall in price along with a decrease in the cost of the latter. ‘Green’ vehicles are becoming more and more in demand, their market is growing, and mass demand requires a cheapening of batteries, which manufacturers are working on.

Plus, the reduction in prices of electrified cars should be affected by preferences for automakers from governments that will not only clean up air in megacities, but also reduces margins, and as a result – the final cost of electric vehicles for consumers.

Photo: 2017 Renault Zoe EV

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