With 90% less moving parts than a gasoline powered car, shouldn’t an electric car be a lot cheaper to make?

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Mudassir Ali 9 months 1 Answer 109 views

Answer ( 1 )

  1. I believe that the cost to produce an electric drive system (motor/battery/charger) is soon to be equal to the cost of producing a petrol or diesel drive system (engine/gearbox/fuel system). Pretty much everything else on the car is (or can be since EVs so far have been a bit more “out there” to appeal to early adopters) the same.

    However since the profit a vehicle makes for its manufacturer is seen over the lifetime of the vehicle, which includes its original purchase price, servicing, repairs and parts, EV’s are likely to continue to have higher window prices than ICE cars, as they require a considerable amount less of the servicing/repairs and parts.

    Also production volumes make an enormous difference. To achieve the same cost/car the drive system needs to be the same cost (or less) and they need to make them by the million.

    EDIT – I forgot to add that just as the manufacturer measures profits for the lifetime of the car, you should see your car in terms of total cost of ownership, and in this regard EV’s win hands down. Running costs are very small, so initially high purchase prices are less of a problem, and the depreciation (very high when EVs were new – back when I bought my second hand one) – is much less steep now as battery lifespans are proving to be very respectable.

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