Volvo CEO Says EVs May Cost Same As Similar Gas Cars By 2025 via insideevs.com
Automakers and the media have been telling us for years that EVs are going to get cheaper as battery prices come down and ramped-up manufacturing leads to economies of scale. These points are likely true, and they'll probably happen over time, but the COVID-19 pandemic, chip shortage, and skyrocketing gas prices have boosted the demand for EVs, which has caused the opposite – rising prices – at least for the time being.
Regardless, the CEO of a luxury car company that's"all in" about an EV future is willing to say electric cars and SUVs will cost about the same as today's ICE equivalents in just two to three years. Rowan also went so far as to say that companies shouldn't be relying on government subsidies for success. They have to find a way to produce EVs that people want and can afford."We think we get [to price parity] ...
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