According to a study released today by the environmental protection association Zero, by 2030, 100% of electric vehicles will be cheaper than traditional cars. The association defends the end of commercialization of light-duty vehicles with internal combustion engines by 2035.
Zero said in a statement that the drop in battery prices and the shift of construction companies to manufacturing platforms dedicated to electric vehicles will result in “significant reductions” in production costs.
A study conducted by BloombergNEF for the European Transport and Environment Federation (T&E) to which Zero belongs shows that between 2025 and 2027, battery-powered electric vehicles will reach the same price as fossil fuel equivalent models, and will not Rely on incentives for this.
Small passenger cars will achieve price parity early in 2025, passenger cars will achieve price parity in 2027, and mid-to-high-end family cars and SUVs will achieve price parity in 2026. By 2030, the benchmark price of electric vehicles will even be 18% cheaper than the benchmark price for those with internal combustion engines.
“The conclusions of the study are valid in various situations, starting from various assumptions, so it is safe to say that in four to six years, electric vehicles will become the cheapest option for drivers, thus transitioning to electric vehicles. “, refers to the same comment.
Also according to Zero, the results show that if there are appropriate public policy programs, burning cars can completely withdraw from sales in all countries/regions between 2030 and 2035.
However, these predictions can only be confirmed by “a timely increase in the production of electric vehicles,” because only in this way can the necessary economies of scale be achieved. Stimulate the electric vehicle market.
“In addition to the regulatory route, there is a set of public policies to stimulate electric vehicles is necessary, such as creative tax incentives, installation of extensive and dense charging networks, and restrictions on the circulation of burning cars in China. Urban centers, national goals”, referring to zero.
The association believes that the Portuguese government should set a deadline by 2035 at the latest to end the commercialization of light passenger cars and trucks with internal combustion engines, including hybrids and plug-in hybrids.
The association also proposes to establish areas within the city, not limited to historical centers, to “strictly restrict” the use of private cars that emit emissions, especially diesel, and to strengthen public transportation services and support a smooth rolling mode.