Reducing the price of the battery will also reduce the cost of electric cars

The great evolution of batteries in terms of their structure, elements and capacity is constantly changing the data in the area of ​​electric mobility. This practically means that the price of the battery gradually decreases, despite the fact that the capacity increases. And given that the battery is the most important part of the car and is the only one that drives up its cost, it is easy to understand that very soon we will see cheaper electric cars.

Industry analysts estimate that the production of electric vehicles will be more economical than the production of conventional ones until 2027 and beyond. In fact, they predict that the price of large electric vehicles will be exactly at the same levels as internal combustion cars. On the other hand, we should not overlook that gradually in recent times there has been a price increase in conventional cars, which is mainly due to the rise in raw materials, but also to the driver assistance systems which are expensive and increase the cost.

Achieving an economical solution in the production of batteries for electric cars is "pioneering" in the plans of car companies, which are looking for ways to develop electric vehicles, by increasing their economic models.

A mid-range car costs around 30.000 euros today compared to the 18.000-20.000 euros that a conventional vehicle costs. This means that in 2027 both categories of cars will cost the same and possibly close to 20.000 euros, which will make electric cars more attractive. If we put the reduced cost of operation and maintenance of an electric car, then it is easy to see that its final cost is much lower.

Research, such as that of UBS Investment Bank, has shown that the price of electric cars is expected to fall faster, around 2024. The same research concludes that the cost of electric car batteries is expected to fall by more than 50% in the next few years. years. This development will displace from the first place the hybrid cars that today have the first say in the sales of new cars.

European governments are helping these manufacturers' moves to reduce pollution. If consumers continue to be encouraged to buy electric cars, then it is certain that very soon we will see huge growth in the category and electric cars will be more attractive to consumers. And what is certain is that if the charging network is developed, then electric cars will have more flexibility of movement.