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ARTICLE · 16 OCTOBER 2023

As Prices Fall, 2/3s Of Global Car Sales Could Be EVS By 2030, Study Says

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Spurred by falling battery prices, electric vehicles could hit price parity with fossil-fuel models in Europe in 2024 and the U.S. market in 2026, and account for two thirds of global car sales by 2030...

CanadaTransport
Crowe MacKay LLP
Crowe MacKay LLP
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AS PRICES FALL, 2/3s OF GLOBAL CAR SALES COULD BE EVS BY 2030, STUDY SAYS

Spurred by falling battery prices, electric vehicles could hit price parity with fossil-fuel models in Europe in 2024 and the U.S. market in 2026, and account for two thirds of global car sales by 2030, according to new research. A report by the Rocky Mountain Institute (RMI) on Thursday predicts battery costs should halve this decade, from $151 per kilowatt hour (kWh) in 2022 to between $60 and $90 per kWh, making EVs "for the first time as cheap to buy as petrol cars in every market by 2030 as well as cheaper to run."

Source: Reuters

UAW STRIKE COULD BUY GM TIME TO ADDRESS NAGGING EV ISSUES

General Motors is at greater risk than rivals Ford Motor and Stellantis of disruption to electric vehicle production from a prolonged UAW strike - though some analysts say that could also buy it time to repair nagging issues. While Ford and Stellantis are introducing several revamped

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