Depreciation of electric cars is happening faster than anticipated: in 2022 electric cars will become cheaper than internal combustion engine cars
Every year BloombergNEF analyzes the cost of buying an electric car in all major parameters and compares it with the cost of a car with an internal combustion engine of the same size. The point of intersection — when electric cars are equal and cheaper than their equivalents to ice – will be a crucial moment for the electric car market.
Every year this point of intersection is getting closer. In 2017, according to BloombergNEF analysis, the price parity of ice and electric cars was scheduled for 2026, that is, 9 years later, and in 2018 the intersection point shifted to 2024 — 6 years. Continue reading
Among the largest automakers in the world are raging debate about electric vehicles. Some believe that electric cars produced by companies other than Tesla have a chance of becoming a hit, while others think that manufacturers will not be able to sell electric cars at a profit.
Toyota contributed to the start of the movement of “green cars” with its hybrid Prius more than 20 years ago, but the company is not so optimistic about the American consumers of electric vehicles. Bob Carter, Executive Vice President of sales for Toyota Motor North America, said at a conference dedicated to the new York motor show that batteries are still too expensive and make electric cars inaccessible to many buyers. Continue reading