Recent studies have suggested that electrically powered vehicles could become more affordable within the next five years.
The revolution of electric cars got off to a somewhat slow start in the UK, but figures have been slowly improving over the last few years with sales in 2015 reported to be around 49,700.
With the battery pack accounting for around 25 per cent of the overall price, electric cars were somewhat unaffordable on their initial launch.
However, research conducted by Nature.com highlighted battery pack prices (measured by the cost per kilowatt-hour) fell by around 80 per cent between 2010 and 2016, causing vehicles sales to soar in the UK.
Using current trends and patterns, optimistic researchers have predicted electric car battery prices might pass the affordability threshold soon after 2020, with overall sales figures said to be at a staggering 1.6 million in the UK alone.
However, more conservative forecasts have predicted vehicle battery packs will hit the affordability threshold by 2030, with sales figures estimated to be at around 13.6 million.
Source: Car Keys