Have Electric Vehicles Reached Parity With Their ICE Counterparts?

Naysayers argue that electric vehicles have too many obstacles yet to make them appealing to mass consumer audiences. Yet the numbers seem to indicate that we’re a lot closer to making EVs the better financial choice than many so-called experts want to admit.

Germany will end sales of new ICE vehicles in 2030. What has long been seen as a massive gap between the appeal of ICEs and EVs is quickly fading. Globally, EV sales grew 80% in 2021.

Kia Ceed Sportwagon PHEV and XCeed PHEV (Image: Kia)

Kia Ceed Sportwagon PHEV and XCeed PHEV (Image: Kia)

The National Academies of Sciences, Engineering, and Medicine declares that “the period from 2025-2035 could bring the most fundamental transformation in the 100-plus year history of the automobile” as battery costs fall and EVs reach price parity with internal combustion engine vehicles, leading them to become the “dominant type of new vehicles sold by 2035.”

It is expected that, by 2030, battery EVs will account for 81% (25.3 million) of all new EVs sold.

Besides eliminating exhaust emissions and tackling part of the 23% of global CO2 emissions contributed by the transportation sector, EVs will also provide key flexibility to the grid as we transition to a greater share of renewable energy supply.

Read more: CleanTechnica

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