BloombergNEF forecasts result of falling cost of making batteries as well as dedicated production lines
Electric cars and vans will be cheaper to produce than conventional, fossil fuel-powered vehicles by 2027, and tighter emissions regulations could put them in pole position to dominate all new car sales by the middle of the next decade, research has found.
By 2026, larger vehicles such as electric sedans and SUVs will be as cheap to produce as petrol and diesel models, according to forecasts from BloombergNEF, with small cars reaching the threshold the following year.
Related: Electric car insurance in UK ‘is £45 less than for petrol or diesel vehicle’