Battery powered cars will soon be cheaper to buy than conventional gasoline ones, offering immediate savings to drivers, new research shows.

Automakers from Renault SA to Tesla Inc. have long touted the cheaper fuel and running costs of electric cars that helps to displace the higher upfront prices that drivers pay when they buy the zero-emission vehicles.
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Bloomberg New Energy Finance sees electric cars becoming cheaper than conventional vehicles by 2030.
Markets: Canada." (Source: Bloomberg)

Now research from Bloomberg New Energy Finance indicates that falling battery costs will mean electric vehicles will also be cheaper to buy in the U.S. and Europe as soon as 2025. Batteries currently account for about half the cost of EVs, and their prices will fall by about 77 percent between 2016 and 2030, the London-based researcher said.

“On an upfront basis, these things will start to get cheaper and people will start to adopt them more as price parity gets closer,” said Colin McKerracher, analyst at the London-based researcher. “After that it gets even more compelling.”

Renault, maker of the Zoe electric car, predicts total ownership costs of EVs will by the early 2020s equal conventional internal combustion engine vehicles (known in the trade as ICE), according to Gilles Normand, the French company’s senior vice president for electric vehicles.

“We have two curves,” Normand said in an interview earlier this month in London. “One is EV technology cost reductions because there are more breakthroughs in the cost of technology and more volume, so the cost of EVs will go down. ICE going to go up as a result of more stringent regulations especially regarding to particulate regulations.”

https://www.bloomberg.com/news/articles/2017-05-26/electric-cars-seen-cheaper-than-gasoline-models-within-a-decade

Ok now I get it, isn't for Nigeria because we've got no electricity down here. We only use generators and candles and then pay light bills for what we don't consume.

While other countries are developing positively, Nigerians are fighting to be elected into power and continue with loot...

Good morning

In overseas? YES

in Nigeria? NO!

WHY?

Because some witch craft won't allow it to work.

cool

...not in Nigeria because there's no light to charge the car

Cool but with the power situation in Nigeria, person go buy generator for am!

Oya na....... But this will only have effect say 2040 in my country

I smell death by electric shock

Tf

We don't want it in Naija tho. NEPA go just fall your hand

mespusinglez:
I smell death by electric shock

C'mon and stop being naive na. Dead by electric shock how na

This cars use batteries

Not interested... with all the Aba made batteries then So my battery will run down when i'm on Auchi Okene road...

I just hope they will not rely on fossil energy to charge the batteries.

princemillla:
Oya na....... But this will only have effect say 2040 in my country

2040 is even too near

Edison said "electricity will become so cheap that only the rich will afford to burn candles".So utopian,never worked though.

That's what they always say without knowing that price is always influenced by the forces of demand and supply.

If people demand more of electric cars to gasoline car's, then the prices of electric car's will skyrocket.

You should have said using water to power cars instead of gasoline and petrol.

Imagine one going to east and ur electric car developed fault along Ore Benin express way and u called those mechanics along the road to repair ur electric car they will just burn ur car I dey beg Oyibo people make dem just leave our gasoline cars for us ooo ,no be every body get money to carry his or her car go coscharis motor

Aburi001:
In overseas? YES

in Nigeria? NO!

WHY?

Because some witch craft won't allow it to work.

That was the same thing that was said in the 80s when some companies introduced automatic transmission cars. See what we've got now?

This will make dependence on crude oil to reduce. Nigeria needs to DIVERSIFY.

I like our conventional gasoline cars, they re reliable and get you any where, so called electric cars cant cover 40km on a single charge, people forget that it takes hours to get them fully charged and they re way too expensive.

3DCYCLOPS:
Not interested...
with all the Aba made batteries then
So my battery will run down when i'm on Auchi Okene road...

simple, commot your i better pass my neighbour from inside booth, start am, plug your car, fiaaam you don go be that no time.

smartty68:

C'mon and stop being naive na. Dead by electric shock how na

This cars use batteries

Don't be naïve Inverters are batteries, batteries WILL shock you.

And all those shouting oil ,our oil....will have no money to share when that time comes.

Nigeria....innovate!

Jaynom:

Don't be naïve Inverters are batteries, batteries WILL shock you.

Sorry sir,

quentin06:
I like our conventional gasoline cars, they re reliable and get you any where, so called electric cars cant cover 40km on a single charge, people forget that it takes hours to get them fully charged and they re way too expensive.

The report says they will be cheaper than gasoline vehicles in the future

God Thank you for creating the Whites.
Imaging how the world would without them?
Their quest for acquiring knowledge is amazing.

quentin06:
I like our conventional gasoline cars, they re reliable and get you any where, so called electric cars cant cover 40km on a single charge, people forget that it takes hours to get them fully charged and they re way too expensive.

but you know the gases these gasoline cars produce are dangerous to our health and the ozone layer (CFC)

But even electricity is a form of energy. The issue now is, the electricity for charging whichever electric propulsion system to be adopted must be generated and in most cases, from chemical energy - fuel. Pls, forget all these solar energy stuff, very little of solar energy has been successfully converted. Hydro? Becoming outdated. Alternative to fossil fuel is still one of the greatest problems of scientists, let's stop deceiving ourselves.

mayoroflag:
Battery powered cars will soon be cheaper to buy than conventional gasoline ones, offering immediate savings to drivers, new research shows.

Automakers from Renault SA to Tesla Inc. have long touted the cheaper fuel and running costs of electric cars that helps to displace the higher upfront prices that drivers pay when they buy the zero-emission vehicles.
Merkel Signals Shift in U.S.-Europe Relations
Swissquote Says Draghi Has to Be Dovish Today

Bloomberg New Energy Finance sees electric cars becoming cheaper than conventional vehicles by 2030.
Markets: Canada." (Source: Bloomberg)

Now research from Bloomberg New Energy Finance indicates that falling battery costs will mean electric vehicles will also be cheaper to buy in the U.S. and Europe as soon as 2025. Batteries currently account for about half the cost of EVs, and their prices will fall by about 77 percent between 2016 and 2030, the London-based researcher said.

“On an upfront basis, these things will start to get cheaper and people will start to adopt them more as price parity gets closer,” said Colin McKerracher, analyst at the London-based researcher. “After that it gets even more compelling.”

Renault, maker of the Zoe electric car, predicts total ownership costs of EVs will by the early 2020s equal conventional internal combustion engine vehicles (known in the trade as ICE), according to Gilles Normand, the French company’s senior vice president for electric vehicles.

“We have two curves,” Normand said in an interview earlier this month in London. “One is EV technology cost reductions because there are more breakthroughs in the cost of technology and more volume, so the cost of EVs will go down. ICE going to go up as a result of more stringent regulations especially regarding to particulate regulations.”

https://www.bloomberg.com/news/articles/2017-05-26/electric-cars-seen-cheaper-than-gasoline-models-within-a-decade

So wat happens to d oil in niger delta?