Research firm Bloomberg New Energy Finance predict that by 2022 the unsubsidized total cost of ownership of battery electric vehicle(BEV) will cost less than ICE vehicle, by 2040 BEV will have 25% global market share from less than 1% today.
The key to that trend is the battery pack that powers the car. The pack can account for about a third of the cost of the entire vehicle. Between 2010 and 2015, the average cost per kWh dropped from $1,000 to $350, a 65 percent plunge. Prices could reach $200/kWh by 2022, and $120/kWh by 2030.
Quote:
The long-awaited, oft-delayed electric car revolution is now scheduled for 2022.
That’s according to a report from research firm Bloomberg New Energy Finance, which posits that in just six years, the biggest obstacle to the sale of BEVs—they cost too much—will be obliterated and cars that run on electricity will cost less than those that run on dead dinosaurs.
“By 2022,” the report says, “the unsubsidized total cost of ownership of BEVs [battery electric vehicles] will fall below that of an internal combustion engine vehicle.” From there, the report projects a steadily increasing rate of adoption, reaching global sales of 41 million—25 percent of total market share—by 2040.
http://www.wired.com/2016/02/electric-car-revolution-now-scheduled-2022
The key to that trend is the battery pack that powers the car. The pack can account for about a third of the cost of the entire vehicle. Between 2010 and 2015, the average cost per kWh dropped from $1,000 to $350, a 65 percent plunge. Prices could reach $200/kWh by 2022, and $120/kWh by 2030.
Quote:
The long-awaited, oft-delayed electric car revolution is now scheduled for 2022.
That’s according to a report from research firm Bloomberg New Energy Finance, which posits that in just six years, the biggest obstacle to the sale of BEVs—they cost too much—will be obliterated and cars that run on electricity will cost less than those that run on dead dinosaurs.
“By 2022,” the report says, “the unsubsidized total cost of ownership of BEVs [battery electric vehicles] will fall below that of an internal combustion engine vehicle.” From there, the report projects a steadily increasing rate of adoption, reaching global sales of 41 million—25 percent of total market share—by 2040.
http://www.wired.com/2016/02/electric-car-revolution-now-scheduled-2022