In the News
Scale economies likely to bring down electric vehicle prices
22nd October 2020
Encouraging news from the electric car sector, with UBS analysis suggesting that electric cars are going to be as cheap to produce as conventional petrol-engined cars by 2024.
This implies that there's likely to be a shift towards electric cars in the near future, as firms are able to benefit from improved technology and economies of scale in the manufacture of the vehicles.
Our short series of videos on supply and demand factors in the electric car industry can be found here
This says what many of us have been saying for the last few years but reiterates that the direction of travel is clear: @jjpjolly on EVs being 'as cheap to manufacture' as regular models by 2024 https://t.co/Ia4ne1uXD2
— Prof David Bailey (@dgbailey) October 22, 2020
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