Electric vehicles to be cheaper than combustion by 2027: Study Toggle share menu
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Electric vehicles charge at a charging station in east London AFP/DANIEL LEAL-OLIVAS
10 May 2021 08:12PM (Updated:
10 May 2021 08:57PM) Share this content
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PARIS: Electric cars will be cheaper to build than fossil fuel vehicles across Europe within six years and could represent 100 per cent of new sales by 2035, according to a study published Monday (May 10).
Carmakers are shifting en masse to electric and hybrid models in order to bring average fleet emissions under a European Union limit of 95 grams of carbon dioxide per kilometre, or face heavy penalties.
Click the thumbs up >Electric cars and vans should be cheaper to make than petrol or diesel vehicles by 2027, with some segments achieving price parity from 2026, new research suggests.
The Bloomberg New Energy Finance (BNEF) study, commissioned by Transport & Environment (T&E), found that C and D segment vehicles and SUVs will be as cheap to produce as petrol vehicles from 2026, while small cars (B segment) will follow in 2027.
Falling battery costs, new vehicle architectures, and dedicated production lines for electric vehicles (EVs) will make them cheaper to buy, on average, even before subsidies, says BNEF.
However, it explained that the early build-up of EV production and sales will be crucial to drive down costs and generate consumer buy-in for further adoption in the future.
Electric vehicles cheaper than combustion by 2027: study
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Electric vehicles cheaper than combustion by 2027: study
PARIS (AFP) - Electric cars will be cheaper to build than fossil fuel vehicles across Europe within six years and could represent 100 percent of new sales by 2035, according to a study published Monday.
Carmakers are shifting en masse to electric and hybrid models in order to bring average fleet emissions under a European Union limit of 95 grams of carbon dioxide per kilometre, or face heavy penalties.
The study by Bloomberg New Energy Finance found that electric sedans and sport-utility vehicles will be as cheap to make as combustion vehicles from 2026.
Electric vehicles will be cheaper than combustion by 2027: Study
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Last Updated: May 10, 2021, 05:44 PM IST
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The study by Bloomberg New Energy Finance found that electric sedans and sport-utility vehicles will be as cheap to make as combustion vehicles from 2026. Small cars will have to wait until 2027 to match the cost of fossil fuel models, according to the study
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A drop in the cost of batteries and the use of production lines dedicated to making electric vehicles will make them cheaper to buy, on average, even before subsidies, according to the study.
Electric cars will be cheaper to build than fossil fuel vehicles across Europe within six years and could represent 100 percent of new sales by 2035, according to a study published Monday.