Electric vehicle prices are tumbling, but is it all good news for the customer?

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Inside Business podcast with Ciarán Hancock

The cost of making batteries for electric vehicles is going down, which means car makers have started cutting their prices. Photographer: John Walton/PA WireThe high price of electric cars has long been seen as a barrier for those looking to switch from the traditional combustion-engine car to an EV, but that is now changing with many car makers slashing their prices.

And what of the broader picture for EV usage here, how do we compare to other countries and is charging infrastructure keeping pace? Brian Caulfield, Professor in Transportation & Head of Department at Trinity College Dublin gives his thoughts. Host Ciarán Hancock is also joined by Markets Correspondent Joe Brennan to get some insight into Denis O’Brien’s business empire after he sold his majority stake in the Beacon Hospital.

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US Carmakers Struggle to Sell Electric Vehicles as Chinese Market Surges AheadUS carmakers are facing difficulties in selling electric vehicles (EVs) due to inferior products, while the Chinese market is experiencing a surge in sales. Chinese electric cars are praised for their performance and affordability, leading to increased demand. On the other hand, US carmakers are struggling to bring competitive EVs to the market. Additionally, weak demand has caused them to scale back on factory expansion plans for electric vehicles.
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