Electric Cars Will Cost Less Than Gasoline-Burners by 2025


I could be tempted

❝ 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 percent between 2016 and 2030, the London-based researcher said…

❝ Renault, maker of the Zoe electric car, predicts total ownership costs of EVs will by the early 2020s equal conventional internal combustion engine vehicles…according to Gilles Normand, the French company’s senior vice president for electric vehicles.

If I could justify buying a new vehicle to replace my 24-year-old pickup truck it probably would be from whomever offers me a smallish EV pickup, say, a quarter-ton AWD.

Still, I just don’t drive enough to justify a second new or newish vehicle in our family. My wife’s 4-year-old Fiesta is still very low accumulated miles – our go to town shopping-mobile – averages 40+ mpg.

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