The crossover point — when electric vehicles become cheaper than their combustion-engine equivalents — will be a crucial moment for the EV market.
The decision to buy an EV will be made as a matter of taste, style or preference — but not, for much longer, a matter of cost.
For a midsize U.S. car in 2015, the battery made up more than 57 percent of the total cost. This year, it’s 33 percent. By 2025, the battery will be only 20 percent of total vehicle cost.
Read the article at Bloomberg.