Business Car | The road to electric price parity

Cornwall Insight research that showed that the point at which electric vehicles (EVs) and petrol and diesel cars reach price parity is approaching fast was featured in Business Car.

Lusher said that the company believed fleets were set to lead the way on electrification during the early 2020s, and that a significant recent development was a reduction in battery costs as a result of supply chain investment.

According to Tom Lusher “We’re now starting to approach the point where EVs and ICE vehicles are coming close to price parity.

Studies are suggesting that when [battery price] gets to $150 per kWh price parity will be roughly reached, with a bit of variation depending on the size of the vehicle.

Tom Lusher, Analyst

Business Car