Electric Vehicle Battery Shrinks and So Does the Total Cost

www.bloomberg.com

Electric vehicles have become more affordable in the last 10 years thanks in no small part to the decreasing cost of the battery itself. Soon choosing an electric car over its combustion-engine equivalent will soon be just a matter of taste, not a matter of cost. With the battery having gone from 50%+ of the cost of the car in 2015 to just north of 30% today, and projected to go down to under 25% by 2022, the crossover point — when electric vehicles become cheaper than their combustion-engine equivalents — will happen sooner than many originally thought.

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