Electric cars tend to get cheaper, and that could be a competitive advantage in the battle for popularity with internal combustion engines. Something similar has been happening for the past few years, and consumers are finding fewer and fewer reasons not to buy electric cars.
It’s important to understand why this is the case. It turns out that electric-powered cars have a design component that greatly improves their performance but also gets cheaper. It’s the battery! Its price, according to auto experts, reaches up to 25% of the total cost of such a car.
The industry of power sources for motor vehicles is developing so rapidly that we can expect, if not a revolution, then a serious breakthrough in the next few years. Experts are sure that the situation will change when the cost of a kWh will drop to less than 100 dollars. This figure is expected to be fixed at 101 dollars by 2023, and in another 7 years, it is “going to fall” down to 58 dollars per kWh.