Data compiled by consultancy Oliver Wyman found that while the total cost of manufacturing a compact emissions-free vehicle will fall by more than a fifth by 2030, to € 16,000 this will still represent a 9 per cent gap when compared with petrol or diesel models.
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The cost of a 50kWh battery will fall from the current average of €8,000 to approximately € 4,300 by the end of the decade, the research found, thanks to increased scale and the completion of several new so-called “gigafactories” across Europe and Asia.
Despite higher production costs, compact electric cars are often already sold for less than combustion engine models in Europe, thanks in part to large subsidies in several countries. – Copyright The Financial Times Limited 2020