Within a few years, electric cars will be cheaper than gasoline ones

Battery cars may soon be cheaper than regular gasoline, offering driver savings on day one, according to a new study. Car makers from Renault to Tesla advertise cheaper fuel and lower running costs of electric cars that help compensate for higher initial prices paid by drivers when buying zero-emission cars.

But a study by Bloomberg New Energy Finance suggests that lowering battery costs mean that electric cars will become cheaper for consumers in the US and in Europe by 2025. Batteries currently account for about half of the price of electric cars, Of the batteries will drop by about 77% between 2016 and 2030, according to a London-based consultancy.

“From the point of view of the initial investment, these things will start to become cheaper and people will start to take them more seriously, as the price gap [between electric and conventional cars] will narrow,” says Colin McCarthy, an analyst In the company. “Then things will become even more convincing.”

Renault, the maker of Zoe’s electric car, predicts that the total cost of ownership of electric cars by the beginning of the next decade will be equivalent to conventional combustion vehicles, said Gilles Norman, senior vice president of electric cars at the French company.

“We have two curves,” Norman said in an interview earlier this month in London. “One is cutting technology costs in electric cars, as there is more breakthrough in technology spending and more volume, so the cost of electric cars will drop. Conventional vehicles will increase as a result of stricter regulations, especially with regard to the particulate matter. “

There was an agreement (between OPEC and non-cartel countries supporting the prolongation of the oil yield limit, which was extended by another nine months — and prices fell significantly by about 4%. The reason for this is that investors expected more, were very aggressive.

This is what economist Prof. Steve Hanke told Bloomberg TV Bulgaria.

“People bought these futures contracts, thinking that the redundancies would become even more significant and that the price would go up. Well, the assumed reduction in yield was not as big as expected, and many of those who held these long positions sold them, “he added.

“Generally speaking, I think what will happen to oil is that the raw material will go up,” Hanke said. According to his estimates, the cost of the raw material will rise to 70 dollars per barrel by the end of the year. “This is a very high figure,” the reporter said. Even in OPEC, the ideal target price levels are around 60 per barrel, he thinks