FormaCar

Volkswagen Group finds out when EVs will be as affordable as ICE cars

06-12-2019 16:30
The corporation has conducted a study that took in account both the retail prices and the ownership costs associated with traditional and electric cars to find out how the two correlate.

The corporation has conducted a study that took in account both the retail prices and the ownership costs associated with traditional and electric cars to find out how the two correlate.

The authors of the study concluded that next-generation EVs will be comparable or even equal in cost to their traditional counterparts. This literally means the next generation of any EV model currently on the market. Put like this, the results are pretty reassuring.

Furthermore, the German research team believes that as traction batteries become cheaper to produce, the prices will also plummet down, and state taxes and subsidies will boost the attractiveness of such cars even further.

Not long ago, VW introduced its own production EV – the ID.3 hatchback (see the photos and the video for more). Based on the MEB platform designed specifically for EVs, it will retail for more than same-class vehicles equipped with internal combustion engines (like the Golf, for example). However, lower ownership costs (cheap electricity vs. expensive gas, less maintenance, etc.) will eventually even out the odds. As for the next generation of the ID.3, it will close the gap even more and likely become just as affordable as conventional gas-powered cars are now.

On an interesting final note, the research team found that the premium and luxury EVs will catch up with their ICE counterparts sooner than the affordable cars. The lower end of the market will continue to be dominated by gas-powered vehicles, and their electric versions will continue to sell at a significant premium for a while longer.



Editor Andrew Raspopov
  • Comments
    | 0
  • Facebook
    |
  • VK
    | 0

Forma Car Recommends

Car Tuning 15-01-2021
The Volkswagen Golf has stayed in the bestseller league since forever, which unfortunately also means it has become too commonplace of a sight. RaceChip and Barracuda have joined efforts to change that.
Car Tuning 14-01-2021
Streetside Classic is offering a very special lot on its website: a Chevrolet Caprice themed after The Hulk. The asking price of $40,000 may seem like much, but Spade Kreations – which was responsible for the build – claims that the paintjob alone cost that much back in 1989.
Novelties 11-01-2021
The final production version of the Alfa Romeo Tonale will hit the spotlight in September 2021, and sales in Europe will start just two months after that, the automaker reports.
Car Tuning 28-12-2020
CarWOW has invited an owner of the newest Porsche 911 (992) Turbo S to a drag race against two seriously modded sedans: an Audi RS3 and a BMW M5.
Auto Show 24-12-2020
With most automotive industry events canceled in North America, Asia and Europe, manufacturers move their premieres into the Internet and try to line things up so as not to get their viewers and participants stolen by another big event.
Car Tuning 23-12-2020
Bring A Trailer has posted sale ads for as many as six third-gen Ford Mustangs, some of them among the rarest of their kind.
Car Tuning 17-12-2020
AddArmor – an armored car maker based in Jackson, Wyoming – has quite an extensive portfolio already (watch the video for an example). However, its latest project is hands down one of the most unusual.
Technology 03-12-2020
Co-designed by the two leading Korea automakers, the e-GMP architecture lends itself exclusively to all-electric vehicles and will provide the basis for the Ioniq 5 SUV coming up next year.
Car Tuning 29-11-2020
If you were invited to a hill climb race, what kind of car would you pick for the job? Definitely not a muscle car like the Ford Mustang, right? Well, color us surprised: someone actually did just that.
Novelties 27-11-2020
The SsangYong Rexton is a body-on-frame SUV that went into a new generation in 2017, but never became particularly popular on the market. The South Korean company now unveils its “brand new” international version, which is technically a mid-gen refresh.
Car Tuning 24-11-2020
A year and a half ago, Alpina devised a complex performance upgrade plan for the BMW i8 hybrid coupe, but ditched it before production. Read on to find out why.
Technology 20-11-2020
While Mercedes surely isn’t in a hurry to reveal the engine lineup of the new Maybach S-Class, it still wants us to know what we can pay for to make the opulent executive saloon even more spectacular.
Auto Show 20-11-2020
Ford will be revealing a buggy-shaped Bronco Badlands Sasquatch Concept, a beefed-up Mustang Mach-E 1400 and a few other new vehicles at the upcoming online SEMA show.
Novelties 19-11-2020
The long-awaited Lamborghini Huracan STO (stands for ‘Super Trofeo Omologata’) is finally here. Let us see what this road-legal track weapon is all about.
Novelties 13-11-2020
Prancing Horse’s flagship hypercar has dropped its top in the newest SF90 Spider edition, the world’s fastest-accelerating car of its type that leaves even the Bugatti Veyron Grand Sport Vitesse and the Porsche 918 Spyder behind.