Increasing prices discourage electrical switches

blank

Could rising electric car prices derail the government’s ambitious goals? Rising fuel costs are driving demand for new and used electric cars. So far this year, every fifth new car purchased has been a battery electric (BEV) or plug-in hybrid (PHEV).

Despite the fact that electric vehicles (EVs) are cheaper to run, the higher purchase price remains the biggest barrier to sales. But as gasoline and diesel car prices rise due to tighter emissions regulations and electric battery costs fall, the gap between the two will narrow, leading to price parity and rapid mass adoption of electric cars. Reaching a point where electric cars become cheaper without government subsidies is considered a major milestone in the transition away from fossil fuels and is expected to be reached by around 2024.

https://www.independent.ie/opinion/comment/rising-prices-a-turn-off-for-electric-switch-41557857.html Increasing prices discourage electrical switches

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button