A research has revealed that by 2027 the price of electric cars will be less than petrol and diesel cars.
Electric charging point
Talking about electric vehicles, nowadays automakers are launching electric vehicles all over the world. But if we talk about their sales, then it has not yet caught up in the way that petrol and diesel vehicles are sold. The main reason for this is its price which is higher than other trains and it is expensive not only in India but also in other countries. However, if Bloomberg believes that NEF’s research could change soon.
This study showed that by 2027, electric cars will be cheaper than other internal combustion engine (ICE) vehicles. This study has been done in the European market, which is the largest market for electric vehicles in the world. In this study, it is said that the stricter emission norms will be coming soon and with this the battery prices of these electric vehicles will also come down, which will make electric cars cheaper than petrol and diesel vehicles in the future.
100 percent electric cars will be used in Europe by 2035
Bloomberg NEF has been studied by a non-profit organization Transport and Environment. It has been claimed that in the coming days the cost of the battery will be reduced and the sale of electric cars will increase in the next few years. Even by 2035, this figure can be 100 percent in Europe.
Julia Julia Polisanova, Senior Director of Vehicles and Emobility at Non-Profit Organization Transport and Environment, said, “Purchasing electric vehicles within 6 years will be a reality for all buyers. It will be cheaper for all people than a combustion engine. It can also be purchased from a man with a van living in Berlin and a family living in the Romanian countryside. Electric vehicles are not only better for climate and Europe industrial leadership, but are also good for the economy. ”
Sedan and hatchback cars will take so long to be cheap
According to this research, electric sedans and electric SUV cars will reach the price of their petrol and diesel cars in five years. At the same time, small cars like electric hatchbacks may take another year when they will be less expensive than petrol and diesel cars.
However, in this research, it has also been said that to do this thing, from the policy, the cost of the battery has to be revised. For example, let’s say that Transport and Environment has estimated that the price of electric vehicle batteries will fall by 58 percent in this decade. In such a situation, if the price of the most expensive component battery in the electric car is cut, the price of the cars will be reduced automatically.
Let us tell that many European countries have set expiry date for ICE vehicles and have implemented stringent emission rules which can help in promoting the electric vehicle industry. Big car companies like Volkswagen and Mercedes-Benz have also fixed the deadline to take out their ICE vehicles.
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