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

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GRA

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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. . . .
 
GRA said:
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 said:
GRA said:
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).
 
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