Could plummeting battery costs deliver mass market EVs as soon as 2024?

Michael Holder
clock • 5 min read
Plummeting battery costs could lead to EVs reaching cost-parity with petrol and diesel cars within three years | Credit: Tesla
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Plummeting battery costs could lead to EVs reaching cost-parity with petrol and diesel cars within three years | Credit: Tesla

Electric vehicles could reach cost-parity with petrol and diesel cars within three years, but immediate commodity supply risks pose challenges, according to latest BNEF report

Electric vehicles (EVs) could be on track to reach cost-parity with fossil fuel cars within three years thanks to rapid strides in battery development worldwide, which have seen the average cost of lithium...

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