Electric vehicles may achieve price parity with fossil-fuel models in Europe by 2024 and in the U.S. market by 2026, according to a new research. Furthermore, it is projected that electric vehicles could comprise two thirds of global car sales by 2030.
A report by the Rocky Mountain Institute (RMI) on Thursday predicts battery costs should halve this decade, from $151 per kilowatt hour (kWh) in 2022 to between $60 and $90 per kWh, making EVs
Battery costs should halve this decade, from $151 per kWh in 2022 to between $60 and $90 per kWh by 2030, a report by the Rocky Mountain Institute (RMI) predicts.
The ongoing transition to electric vehicles (EVs) will gather pace globally as battery costs – which make up as much as 40 per cent of the production cost of a typical EV – decline faster, dealing a further blow to sales of conventional petrol cars.
As prices fall, two thirds of global car sales could be EVs by 2030, study says reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.