Report: EVs Will Cost Less Than Gas-Powered Cars by as Early as 2025

May 26 2017 by Motor Trend Blog

 

Automakers are starting to bring more affordable EVs to market, but these cars are still much more expensive on average than their gasoline counterparts. And it will take well into the next decade for electric vehicles to catch up, according to new research from Bloomberg New Energy Finance.

Electric vehicles are expected to see a consistent drop in prices for the foreseeable future. In the U.S. and Europe, EVs will actually cost less than gas-powered cars by as early as 2025, the report...

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