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Electric Vehicles Will Crush Fossil Cars On Price As Lithium And Battery Prices Fall

27 Feb 2024 | Abstracted from Driven.io

"Just a week after BYD launched its $US15,000 'Corolla killer' and with the world's largest EV battery maker recently announcing it's on track to cut battery costs in half this year, new research suggests the decline in EV prices may by happening faster than thought.

"When both the battery production and clean vehicle tax credits are considered, the 300-mile range SUV is expected to reach price parity with its conventional counterpart around 2025."

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