Inside Clean Energy: How Soon Will An EV Cost the Same as a Gasoline Vehicle? Sooner Than You Think.
Electric trucks and tractors are on the way, but the fishing industry is slowing development of the nation’s first giant offshore wind farm.
At some point, probably sooner than you expect, the price of an all-electric vehicle will fall far enough to equal the cost of an equivalent gasoline vehicle.
So here's an answer: Maybe by 2023, probably by 2024 and almost definitely by 2025.
When we talk about the cost of EVs, we're mainly talking about the cost of batteries, which are the most expensive components in the vehicle, and also the ones for which the costs are changing most quickly.
Analysts and researchers have said for years that a battery price of $100 per kilowatt-hour is the point at which EVs become cost-competitive with gasoline vehicles. Last year, the global average price was down to $156 per kilowatt-hour, according to BloombergNEF.
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