By Jon LeSage Electric cars will become more cost effective next to conventional models – but not until 2025, says a new study.
The study by London-based Bloomberg New Energy Finance predicts a break-even point that year, and that electric cars will beat conventional gasoline engine cars in years following.
“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 research firm. “After that it gets even more compelling.”
The study predicts gradually reducing battery prices will be the driver for change, with these costs accounting
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