Price of EVs won't match traditional vehicles for 10 years: MIT

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The main issue is that the decline in the cost of lithium-ion batteries is expected to lull in upcoming years as they “approach the limits set by the cost of raw materials”.

on Tuesday that the sticker prices of EVs aren't likely to match those of their petrol-powered counterparts as long as they're powered by lithium-ion batteries.

The lengthy time duration predicted for the disparity in retail pricing will slow the EV revolution and likely result in governments having to push stricter mandates regarding climate pollution to encourage quicker adoption of EVs.

 

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