Remove Batteries Remove Li-ion Remove Oil Prices Remove Petrol
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Soon an Electric Vehicle Will Cost Less Than An IC Engine Vehicle !!!

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In this article, we will be discussing the factors contributing to the price reduction of electric vehicles as mentioned in the study conducted by BloombergNEF along with a few general aspects on the topic. Currently, Electric vehicles are expensive because, The Li-ion batteries which power the electric vehicles are costlier.

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Study Finds Coordinated Off-peak Charging Can Support Large Scale Plug-in Use Without Additional Generation Capacity; TCO and GHG Abatement Costs for BEVs Projected to Remain High

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and cheaper engines and battery packs. They assumed an oil price of US$80/bbl, close to the short-term. They used Li-ion batteries with a cost of €960/kWh in 2010, and assumed this reduces to €800 /kWh around 2015, and to €400/kWh in the more distant future. Abatement cost using battery powered cars are.

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