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
Image:

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...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

Eaton and ChargePoint roll out 'game-changing' EV charging partnership

Eaton and ChargePoint roll out 'game-changing' EV charging partnership

Firm behind data centre power management tech and charge point provider link up to streamline deployment of EV infrastructure in the US, Canada, and Europe

Stuart Stone
clock 23 May 2025 • 1 min read
Study: Dynamic pricing could slash cost of public EV charging

Study: Dynamic pricing could slash cost of public EV charging

Trial suggests dynamic pricing offers could allow drivers without access to charge points at home to enjoy reduced running costs compared to petrol vehicles

James Murray
clock 23 May 2025 • 3 min read
'Going the extra mile': Royal Mail delivers 7,000th electric vehicle

'Going the extra mile': Royal Mail delivers 7,000th electric vehicle

Operator of UK's largest electric delivery fleet to invest in a further 1,800 electric vans over the next year

Stuart Stone
clock 19 May 2025 • 2 min read