Are electric cars too expensive to tempt motorists away from petrol and diesel vehicles?

Any cost comparison between electric and internal combustion engine cars needs to take into account the upfront sticker cost of actually buying the car, and then the costs of running and maintaining it over its lifetime until it is sold or scrapped. On upfront cost, electric cars are on average more expensive - in part because no manufacturer has produced a genuinely affordable mass-market electric vehicle. However, that is changing as manufacturers start making them at scale, which pushes down costs. Bloomberg New Energy Finance predicts that electric SUVs in Europe will hit price parity with petrol equivalents as early as 2025, but the US will be three years behind because of a preference for larger batteries.

Read at www.theguardian.com