Electric Vehicle Battery Shrinks and So Does the Total Cost - Bloomberg
source link: https://www.bloomberg.com/opinion/articles/2019-04-12/electric-vehicle-battery-shrinks-and-so-does-the-total-cost
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Electric Car Price Tag Shrinks Along With Battery Cost
Choosing an electric car over its combustion-engine equivalent will soon be just a matter of taste, not a matter of cost.
Big things, small packages.
Photographer: Kiyoshi Ota/Bloomberg
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Every year, BloombergNEF’s advanced transport team builds a bottom-up analysis of the cost of purchasing an electric vehicle and compares it to the cost of a combustion-engine vehicle of the same size. The crossover point — when electric vehicles become cheaper than their combustion-engine equivalents — will be a crucial moment for the EV market. All things being equal, upfront price parity makes a buyer’s decision to buy an EV a matter of taste, style or preference — but not, for much longer, a matter of cost.
Every year, that crossover point gets closer. In 2017, a BloombergNEF analysis forecast that the crossover point was in 2026, nine years out. In 2018, the crossover point was in 2024 — six years (or, as I described it then, two lease cycles) out.
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