Provided policies remain constant, electric cars will represent 50 per cent of new sales by 2030 and 85 per cent by 2035
A new study suggests that by 2027, electric cars will be cheaper than combustion vehicles across Europe and could represent 100 per cent of new sales by 2035.
As per the study by Bloomberg New Energy Finance which was unearthed by AFP, electric sedans and sport-utility vehicles will be as cheap to make as combustion vehicles from 2026.
The study, which was commissioned by clean transport campaign group Transport and Environment, further explained that small electric cars will cost similar to fossil fuel models by 2027. Light electric vans will be less expensive than diesel models from 2025, and heavy electric vans from 2026.
“EVs will be a reality for all new buyers within six years…They will be cheaper than combustion engines for everyone, from the man with a van in Berlin to the family living in the Romanian countryside,” Julia Poliscanova, senior director for vehicles and e-mobility at Transport and Environment, said in a statement.
Additionally, following a reduction in the cost of batteries and the use of production lines dedicated to making them, electric vehicles will be cheaper to buy, on average, even before subsidies.
Provided policies remain constant, electric cars will represent 50 per cent of new sales by 2030 and 85 per cent by 2035.
However, Transport and Environment warned that they could reach 100 per cent by 2035 if lawmakers increase vehicle CO2 targets and ramp up other policies to stimulate the market such as a faster roll-out of charging points.
