Electric cars will cost less than petrol cars by 2027

A BNEF study claims that electric cars will sell for less than their thermal counterparts from 2027. Thanks to the fall in the price of batteries and the growing interest of consumers, the sector will experience unprecedented expansion in the next few years. years. If the European Union follows suit, the gasoline car could totally disappear by 2035.

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In just a few years, electric cars have established themselves in our daily lives. Charging stations are multiplying and builders are sneaking into the breach opened, in large part, by Tesla. De facto, consumers are increasingly interested in this new mobility, considered to be much less polluting and therefore more sustainable for the future. And which says user interest, says technological innovation which follows quickly.

It is notably thanks to research that electric cars are gradually becoming a consumer good, with a price that drops year after year. Tesla recently took a giant leap forward in the field by buying a series of patents that will greatly improve its batteries for a handful of dollars. The manufacturer is not the only one: the discoveries follow one another every year and, soon, the batteries will see their price drastically drop. And, with him, that of electric cars as a whole.

Electric cars soon less expensive than thermal cars

Thus, according to a BloombergNEF study, electric cars will cost less than thermal cars in 2027. We are talking here about all electric vehicles: sedans and SUVs will be less costly to produce from 2026. Utilities will be even earlier: it will suffice to wait until 2025 to see them take precedence over their version. gasoline. Very good news for the pollution rate in France, with utility vehicles representing 20% of road transport emissions. Electric models, for the moment, only constitute 2% of the total fleet.

There is a simple reason for this very low figure: to date, the European Union only imposes very few binding standards to manufacturers to encourage them to reduce their environmental impact. Research in the field is therefore stagnant, with economic interest currently non-existent. But BNEF believes that may soon change. The global movement around electricity could push Europe to be firmer in this area and, at the same time, fundamentally change the road landscape just a few years from now.

electric car prices

Towards the disappearance of gasoline-powered cars?

If – and only if – the EU takes the necessary steps for their development, then electric cars could completely replace their thermal counterparts for the sale of new vehicles in 2035. It would only be a matter of time before we saw these disappear from our roads and our cities. But to achieve this ambitious but achievable goal, it is imperative that the European Union strengthens its legislation on CO2 emissions on the one hand, and that the manufacturers develop production lines needed shortly.

On the same topic: Why electric car manufacturing can lead to a global water scarcity

“With the fall in the prices of electric cars, the automotive market is naturally heading towards an end of sale of combustion vehicles in 2040”, explains Diane Strauss, director of Transport & Environment. “But to meet our climate objectives, the last diesel or gasoline car would have to be sold in 2035. It is possible to bring forward the end-of-sale date for France to 2035 with adequate political support: the maintenance of the bonus- penalties and increased efforts to install charging stations. “

The European Commission is due to meet next June to agree on an end date for the sale of new combustion vehicles. Recently, 27 large companies requested that this date be set at 2035. Users are already ready: 63% of the European urban population is in favor of banning them from 2030. The manufacturers’ response was quick: Ford plans to focus exclusively on electric cars from 2030, while Volkswagen has seen sales in the field increase by 200% in 2020.

Source: Transport & Environment

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