When (if ever) will electrical cars become cheaper than gasoline cars?

Mudassir Ali
Feb 15, 2020 04:57 AM 0 Answers
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Mudassir Ali
- Feb 15, 2020 04:57 AM

Two things stand in the way. The batteries are expensive. It takes about 25 Kwh for 100 mile (160 km) or 50 KWh for “storing” 200 miles range. That (50 kwh storage) costs about $11,400 or so compared to a $50 plastic/metal gas tank to store 300 miles of gasoline. That’s based on a news article I saw reporting on current costs of battery per KWH.

Even a 100 mile range econocar would have nearly $6000 in battery on top of $8000 for the cheapest gasoline car. So it nearly doubles the price of a econocar.

Because it make such poor sense for an economy car, most efforts in the world have been to glamorize it a bit – sell it to the younger, well to do, as a fashionable ecological green car. As a result, most are medium sized cars or full sized luxury cars in whose 20–40K equivalent gasoline cars costs can stand being raised by a $12,000 battery even after subsidies.

So my second point is that essentially there’s no market for a economy EV. Batteries are slowly going down with greater volumes, but a breakthrough is sadly lacking.

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