GRA
Posts: 9390
Joined: Mon Sep 19, 2011 1:49 pm
Location: East side of San Francisco Bay

IEVS: Report Says Electric Car Prices Will Drop Significantly By 2023

Sat Jun 23, 2018 3:02 pm

https://insideevs.com/report-says-electric-car-prices-will-drop-significantly-by-2023/

. . . A study by consumer website Confused.com found that the cost of electric vehicles is expected to come down over the next five years, while the availability of charging infrastructure should improve over that time.

Currently, electric vehicles, or EVs, make up just two percent [Note: in the U.K.] of new vehicle registrations in 2018, and Confused.com’s study says that’s mainly down to the price of vehicles and a perceived lack of charging points.

According to the company’s survey, 59 percent of drivers are put off by the price of EVs, which are often more expensive than their petrol- or diesel-powered counterparts. For example, an entry-level Nissan Leaf costs £25,190 (after the government’s £4,500 low-emission vehicle grant has been applied), whereas the company’s similarly-sized, petrol-engined Pulsar hatchback starts at just £13,280.

Of more concern to buyers, though, is the charging infrastructure. The Confused.com study found that 73 percent of motorists feel that there aren’t enough readily available charging points.

Even so, one in three drivers (31 percent) would consider buying an electric car. However, Confused.com has recommended holding off on the purchase for ‘up to five years’, predicting a 66 percent increase in charging points by 2023 and tumbling vehicle purchase prices as the technology becomes more widespread. . . .
Guy [I have lots of experience designing/selling off-grid AE systems, some using EVs but don't own one. Local trips are by foot, bike and/or rapid transit].

The 'best' is the enemy of 'good enough'. Copper shot, not Silver bullets.

WetEV
Posts: 2346
Joined: Fri May 04, 2012 8:25 am
Delivery Date: 16 Feb 2014
Location: Near Seattle, WA

Re: IEVS: Report Says Electric Car Prices Will Drop Significantly By 2023

Sun Jun 24, 2018 7:38 am

GRA wrote:59 percent of drivers are put off by the price of EVs


Yawn. A 40% market share for EVs is likely a decade or more in the future. Cost of batteries is falling at about 15% a year. By the time that 40% of cars sold are EVs, the price will no long be a "put off".
WetEV
#49
Most everything around here is wet during the rainy season. And the rainy season is long.
2012 Leaf SL Red (Totaled)
2014 Leaf SL Red

GRA
Posts: 9390
Joined: Mon Sep 19, 2011 1:49 pm
Location: East side of San Francisco Bay

Re: IEVS: Report Says Electric Car Prices Will Drop Significantly By 2023

Sun Jun 24, 2018 4:19 pm

WetEV wrote:
GRA wrote:59 percent of drivers are put off by the price of EVs


Yawn. A 40% market share for EVs is likely a decade or more in the future. Cost of batteries is falling at about 15% a year. By the time that 40% of cars sold are EVs, the price will no long be a "put off".

More like the other way around, which was the point of the article, although it says 2023 rather than a decade. Most other predictions say about 2025 for comparable price (with comparable capability, of course).
Guy [I have lots of experience designing/selling off-grid AE systems, some using EVs but don't own one. Local trips are by foot, bike and/or rapid transit].

The 'best' is the enemy of 'good enough'. Copper shot, not Silver bullets.

Return to “Business / Economy and Politics”