Click the thumbs up >Electric cars and vans should be cheaper to make than petrol or diesel vehicles by 2027, with some segments achieving price parity from 2026, new research suggests.
The Bloomberg New Energy Finance (BNEF) study, commissioned by Transport & Environment (T&E), found that C and D segment vehicles and SUVs will be as cheap to produce as petrol vehicles from 2026, while small cars (B segment) will follow in 2027.
Falling battery costs, new vehicle architectures, and dedicated production lines for electric vehicles (EVs) will make them cheaper to buy, on average, even before subsidies, says BNEF.
However, it explained that the early build-up of EV production and sales will be crucial to drive down costs and generate consumer buy-in for further adoption in the future.
Statkraft’s Mer to launch into UK charging market
The Norwegian renewable energy utility Statkraft is launching into the UK charging market with the recently acquired Mer, previously known as Gronn Kontakt UK.
Statkraft’s Mer is entering Britain’s EV charging market with the focus on getting charging stations into businesses, organisations, key retail locations. This also includes locations across the UK that need more public charging such as residential streets where people do not have their own driveways or garages.
Commenting on the launch, Mer UK Managing Director Anthony Hinde, said: “The UK Government has set ambitious targets for the switch to zero-emission vehicles, especially with the announcement of the 2030 ban on sales of new petrol and diesel cars.” He warned that while he thinks the target is achievable, it will require “a fundamental shift in how the UK’s EV charging infrastructure is developed.”