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Producing Electric Cars Will Be Cheaper Than Gas Models by 2027

May 09, 2021 10:12 PM EDT
(Photo : CHUTTERSNAP on Unsplash)
(Photo : Pixabay)
According to BloombergNEF estimates, larger vehicles such as hybrid sedans and SUVs would be as inexpensive to manufacture as petrol and diesel models by 2026, with compact cars crossing the threshold the following year.
The price parity of electric cars and internal combustion engines is seen as a significant achievement in the world s transformation away from fossil fuels.
Lowering Production Cost
According to the report, the average pre-tax selling price of a medium-sized electric vehicle is $40,494 (€33300), relative to $22,618 for a gas car. Both are expected to cost about $23,104 in 2026.
By 2030, the same electric vehicle is expected to cost $19,821before taxes, compared to $24,199 for a gasoline car. ....

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UK is Now Europe's Second Largest Electric Vehicle Market Topping France

Apr 25, 2021 11:55 PM EDT
In the first quarter of this year, the United Kingdom surpassed France to become Europe s second-largest electric car market, owing to increasing demand for zero-emission vehicles.
According to Matthias Schmidt, an independent automobile expert, around 31,800 electric vehicles were delivered in the UK in the first three months of the year, compared to 30,500 in France.
Rising EV Trend
(Photo : Pixabay)
Since the beginning of 2020, electric vehicle sales have exploded, thanks in part to new pollution regulations that threaten automakers with steep penalties if their vehicles average carbon dioxide content does not decrease.
According to industry data, battery electrics accounted for 7.5 percent of UK sales in the first three months of this year, almost double the market share relative to the same timeframe in 2020. ....

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Companies Criticize Victoria, Australia's 'Worst EV Policy'

Apr 22, 2021 10:33 PM EDT
The state government of Victoria, Australia, is considering imposing a punitive mileage tax on hybrid vehicles. In a full-page ad in Melbourne s The Age newspaper, a group of groups, including Hyundai, VW, Uber, ABB, WWF, among others, have spoken out against the plan, calling it the worst electric car scheme in the country.
(Photo : Pixabay)
The Victorian government actually levies no such tax on petrol cars - in fact, no gas tax is assessed at all. There are also no clear electric car incentives to offset the proposed tax.
Tax for Electric Vehicles
The tax would be assessed at 2.5 cents per kilometer and collected at the time of registration renewal. Drivers of electric cars will be required to keep logs for five years, with fines if they failed to do so. There is no such mileage log provision for gas car users, which places a time and expense pressure on EV drivers. ....

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All New US Vehicles Can Be Electric by 2035, If Current Sustainable Trends Continue

(Photo : PublicDomainPictures on Pixabay)
(Photo : Pixabay)
(Photo : Pixabay)
According to a recent report from the University of California, Berkeley, this scenario will dramatically change this decade, with the upfront cost of electric cars expected to hit parity with gasoline vehicles in about five years. By 2050, accelerated electrification of transportation will save over $2.7 trillion in driver costs because electric cars are more powerful and need less expensive maintenance.
The researchers claimed that with the falling cost of batteries, which is a major factor in the higher cost of electric vehicles and increases in their reliability, the US will be able to phase out new gasoline and diesel cars within 15 years. This will reduce transportation-related global-warming emissions, which are now the primary source of greenhouse gases in the United States. ....

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