EVs will be cheaper to produce than gas-powered vehicles by 2027, research shows

  • 📰 CTVNationalNews
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Car Car Headlines News

Car Car Latest News,Car Car Headlines

Battery electric vehicles will be, on average, cheaper to produce than a comparable internal combustion engine by 2027 thanks to new manufacturing methods that are lowering production costs, market research firm Gartner said on Thursday.

A vehicle is plugged into a Electrify America electric vehicle charger, Friday, Feb. 2, 2024, in Kennesaw, Ga., near Atlanta.

"This means BEVs will reach ICE cost parity much faster than initially expected, but at the same time, it will make some repairs of BEVs considerably costlier," said Pedro Pacheco, Vice President of Research at Gartner. It also expects that about 15 per cent of EV companies founded since the last decade will be acquired or bankrupt by 2027.

In an unusual case of defamation, an Alberta judge recently awarded a Quebec DJ $1.5 million in damages stemming from a social media account run by a California woman he had never met.Here's a look at Canadian towns, cities and even entire provinces that have offered incentives to entice future residents, ranging from grants to land listed for only $1.The trouble stems from earlier this winter, which started exceptionally warm. Then in January, temperatures suddenly plunged.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 82. in CAR

Car Car Latest News, Car Car Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

City of Thunder Bay adds more EVs to its fleet as push toward electrification continuesOne of Thunder Bay's new F-150 Lighting electric pickup trucks is displayed at the city's transit garage on Thursday. The city has purchased two of the vehicles, which will be used to support transit operations.
Source: CBCTBay - 🏆 42. / 63 Read more »

Consultant urges miners to share information to develop training for battery electric vehiclesSwedish engineering company Sandvik's fleet of battery-electric mining vehicles.
Source: CBCTBay - 🏆 42. / 63 Read more »