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In November last year, India’s Transport Minister Nitin Gadkari suggested that electric vehicles could match the price of “traditional” cars by 2023. Now Volvo CEO Jim Rowan has
One of the main reasons why many drivers are still reluctant to switch to green cars is their high price compared to comparable petrol and diesel cars. According to some reports, the difference in cost reaches 20%, which is very noticeable. And despite all kinds of government benefits, “trains” are still inaccessible – take, for example, the same Evolute, presented in Russia.
At a conference in Stockholm, the head of the Swedish brand emphasized that the price of electric cars is strongly influenced by the cost of batteries. Consequently, prices will only fall if manufacturers find a way to lower battery costs. And this, according to Mr. Rowan, will happen in three years. Batteries are getting cheaper and lighter. In addition, they can offer a higher range.
But what are the realistic chances of the Volvo CEO’s predictions coming true? unimportant. Finally, don’t forget the lithium crisis, which started a few years ago and is now only getting worse. And if the problem is not solved, the prices of electric cars – and for all cars in general – will actually rise even faster. And more about this – here.
One of the main reasons why many drivers are still reluctant to switch to green cars is their high price compared to comparable petrol and diesel cars. According to some reports, the difference in cost reaches 20%, which is very noticeable. And despite all kinds of government benefits, “trains” are still inaccessible – take, for example, the same Evolute, presented in Russia.
At a conference in Stockholm, the head of the Swedish brand emphasized that the price of electric cars is strongly influenced by the cost of batteries. Consequently, prices will only fall if manufacturers find a way to lower battery costs. And this, according to Mr. Rowan, will happen in three years. Batteries are getting cheaper and lighter. In addition, they can offer a higher range.
But what are the realistic chances of the Volvo CEO’s predictions coming true? unimportant. Finally, don’t forget the lithium crisis, which started a few years ago and is now only getting worse. And if the problem is not solved, the prices of electric cars – and for all cars in general – will actually rise even faster. And more about this – here.
Source: Avto Vzglyad
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
