further expand the market
The production of electric vehicles is still more expensive than the production of their gasoline competitors, but policy changes and market expansion can quickly change in favor of electric vehicles.
Technical and economic studies show that the average cost of electric cars can become the same as that of cars with ice over the next 8 years and even earlier. When fuel economy is taken into account, electric cars may be cheaper in some markets, and automakers may make profits comparable to or greater than gasoline-powered cars by 2025 or earlier. Continue reading