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Electric Cars Soon Will Cost Less Than Gasoline Autos, Research Shows

posted by cmn32480 on Thursday June 01 2017, @05:08PM   Printer-friendly
from the terminally-positive dept.

Phoenix666 writes:

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

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.

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% 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, analyst at the London-based researcher. "After that it gets even more compelling."

The secret is in the battery.

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  • (Score: 0) by Anonymous Coward on Friday June 02 2017, @04:15PM

    by Anonymous Coward on Friday June 02 2017, @04:15PM (#519421)

    I am an electrical engineer. The material cost of a car charger hookup is the same as a electric dryer hookup. Your housing board is fleecing the users of the hookup. Just go to amazon and you can by one today for a few hundred bucks including fancy cables. Most cars already include cables so cheaper hookups are even possible. The key is to have one installed to just reach your assigned parking spot. To avoid someone steeling your electricity you turn the juice on from your apartment - with the line auto-powering off when it is disconnected from your car. Contrary to opinions on this board, the infrastructure for car charging is in place - no different then the situation where your smartphone needed a USB cable to plug into your computer to quickly share information.