Electric cars 'as cheap to manufacture' as regular models by 2024
by Jasper Jolly

The Guardian    Translate This Article
21 October 2020

On 21 October 2020 The Guardian reported: Electric cars will cost the same to make as conventional cars, with internal combustion engines, by 2024 and an acceleration in the shift away from fossil fuel vehicles may be imminent, according to new research. The extra cost of manufacturing battery electric cars versus their fossil fuel equivalents will diminish to just $1,900 per car by 2022, and disappear completely by 2024, according to research by the investment bank UBS. Reaching cost parity with the internal combustion engine (ICE) is seen as a key milestone in the world's transition away from burning fossil fuels. Global Good News service views this news as a sign of rising positivity in the fields of science and business, documenting the growth of life-supporting, evolutionary trends.

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