Thanks to falling battery prices, electric cars could soon cost the same as their thermal equivalents, according to a recent study. More precisely, this balance may be reached in 2024 in Europe and in 2026 in the United States.

In addition, the same study claims that by 2030, two-thirds of global car sales will be electric cars.

Will the prices of electric cars really fall?

This is stated in a study by the American Center for Energy Research and Research, Rocky Mountain Institute the cost of batteries will be halved this decade, rising from $151 per kWh (around €140) in 2022 to $60-90 per kWh (€57 to €83). Thus, according to this study, “For the first time, electric cars will be as “affordable” as thermal cars in all markets by 2030″.

It is the price of batteries that will play a key role, in particular because of this their cost is 40% of the cost of an electric car. Manufacturers’ investments in new materials and software will keep prices low, which should open new horizons for electric vehicles.

Constant increase in sales

According to data published by the Rocky Mountain Institute, rapid growth of electric models in Europe and China “It is implied that by 2030, sales of electric vehicles will grow at least sixfold to reach a market share of 62% to 86% of sales”.

Sales of zero-emission vehicles in the European Union increased by almost 61% in July compared to the same month in 2022, accounting for 13.6% of all vehicle sales.

Note, however, that Sales of electric cars in Europe are not “homogeneous” in all countries. If Germany, France and the Benelux countries are experiencing rapid growth, this is not the case for example in Italy, which has remained at very low percentages of around 3 to 5% for several years, in particular due to the relatively dense charging network.

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