{"id":134931,"date":"2024-10-28T06:58:44","date_gmt":"2024-10-28T04:58:44","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/will-evs-ever-reach-price-parity-with-petrol-and-diesel-cars-and-if-so-when\/"},"modified":"2024-10-28T06:58:44","modified_gmt":"2024-10-28T04:58:44","slug":"will-evs-ever-reach-price-parity-with-petrol-and-diesel-cars-and-if-so-when","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/will-evs-ever-reach-price-parity-with-petrol-and-diesel-cars-and-if-so-when\/","title":{"rendered":"Will EVs ever reach price parity with petrol and diesel cars and if so, when?"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/134931\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>As our new series The Switch continues, we look at how EVs may be cheaper to run but more expensive to buy, and ask if this is likely to change in the future. Welcome to The Switch, Euronews Next\u2019s new mobility series for people considering making the switch to an EV.<\/p>\n<p>As the pace of electrification quickens amid a growing climate crisis and an uncertain economic outlook, we&#8217;ll be your companion as you make the transition from your fossil-fuelled car to electric. Each week, we\u2019ll offer guidance and insights from industry experts as well as aim to demystify the process and dispel misinformation. One of the big selling points of electric vehicles (EVs) is that they are cheaper to run than fossil-fuelled ones, but new car buyers opting for an electric model are still paying a large premium over a similarly sized petrol or diesel car.<\/p>\n<p>It has long been expected that cost parity between electric, petrol and diesel models will be the tipping point in favour of electric car sales. Given how cheap EVs are to run, it will not make financial sense for most people to choose a petrol or diesel car. In Norway, where price parity has already been achieved thanks to extensive government support, more than 80 per cent of new cars sold are electric. Overall, EVs now outnumber petrol cars on Norwegian roads.<\/p>\n<p><em>So, how will parity be achieved?<\/em><br \/>\nThe two main drivers of the price difference between internal combustion engines (ICE) and electric cars are the costs associated with batteries and car manufacturing processes. The anticipated reduction in EV costs is likely to come from falling battery prices and by carmakers switching to vehicle platforms specifically designed for EVs as this allows for a simpler assembly, standardised battery packs and higher volumes.<\/p>\n<p>Goldman Sachs Research predicts that battery prices will drop to $99 (\u20ac89) per kilowatt-hour (kWh) by 2025, a 40 per cent decrease from 2022 levels. This reduction will be driven in part by the declining costs of key raw materials such as lithium, nickel, and cobalt. Recent investments in mining and refining have ensured that global supply can easily meet current and growing demand. Battery pack prices are expected to drop by an average of 11 per cent annually from 2023 to 2030.<\/p>\n<p>However, advancements in battery chemistry, particularly with the introduction of solid-state batteries, could be a game-changer in the EV industry. Solid-state batteries replace the liquid electrolyte found in current lithium-ion batteries with a solid material, making them safer by reducing the risk of leaks or lithium fires in the event of damage. These batteries also promise significantly improved range and could potentially double the driving distance of electric vehicles, from an average of 400 km per charge to over 800 km.<\/p>\n<p>These technological developments, combined with falling costs, pave the way for more accessible and efficient electric vehicles. Meanwhile, the price of petrol and diesel cars is expected to increase due to stricter EU emission regulations, so all of these factors will combine to close the price gap.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/next\/2024\/10\/27\/will-evs-ever-reach-price-parity-with-petrol-and-diesel-cars-and-if-so-when\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/next\/2024\/10\/27\/will-evs-ever-reach-price-parity-with-petrol-and-diesel-cars-and-if-so-when\">Euronews<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/environmental-news-en\/will-evs-ever-reach-price-parity-with-petrol-and-diesel-cars-and-if-so-when\/\">Will EVs ever reach price parity with petrol and diesel cars and if so, when?<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[575,13313,16674,16675,287],"class_list":["post-134931","post","type-post","status-publish","format-standard","hentry","category-news","tag-environmental-news-en","tag-evs","tag-petrol-and-diesel-cars","tag-price-parity","tag-reach"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/134931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=134931"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/134931\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=134931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=134931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=134931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}