Advanced Batteries & Energy Storage Research
Jul 26, 2019
Electric Car Tipping Point Will Delight and Destroy
It is nonsense to forecast pure electric cars costing the same as traditional ones, then life continuing much as usual. The up-front price of pure electric cars will be dropping below that of internal combustion engine ones around 2025. The fundamentals are now clear. Short range electric cars will continue to sell badly because of range and financial anxiety: their resale value after three years can be down 80%. 200 miles/ 320 km is the tipping point where resale value can be only 40% down on purchase price. See the IDTechEx report, "Electric Vehicles 2020-2030" for the full picture of 100 categories of electric vehicle EV by land, water and air.