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EV production cheaper than ICE by 2027, says Gartner

by Geoff Dobson
March 11, 2024
in Industry News, Electric Vehicles, News
0
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Next-generation battery electric vehicles (BEVs) will be cheaper to produce than a comparable internal combustion engine (ICE) one by 2027.

So says market researcher Gartner, adding that by 2027, the average cost of an EV body and battery serious accident repair will increase by 30% while 15% of EV companies founded since the last decade will be acquired or bankrupt.

Gartner estimates EV shipments will reach 18.4 million units in 2024 and 20.6 million units in 2025.

Go to EVs and Beyond for more on this story.

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Geoff Dobson

Geoff Dobson is an 'old-school journo' thriving in a world of new technology. With 40-years of journalism experience already behind him, Geoff joined Auto Media Group three years ago to lead its EVtalk titles. A keen cyclist, he puts his Auckland commute to good use testing ebikes and scooters along the North Western cycleway.

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