By Sam McEachern The costs of purchasing and running an electric vehicle may shrink to become even with the cost of running a standard internal combustion vehicle by as early as next year.
According to research conducted by Swiss investment bank UBS, an increase in consumer demand for electric vehicles could have a significant effect on the costs associated with them. The firm recently raised its estimates for EV market share by 50 percent to 14 percent by 2025 – equivalent to 14.2 million vehicles worldwide. It also raised its 2021 projection from 2.5 million cars annually to 3.1 million.
UBS also found that an
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