Electric superminis will cost same as petrol cars by 2020 – says Renault boss 0

Electric-superminis-will-cost-same-as-petrol-cars-by-2020Renault’s head of electric vehicles has stated that he believes electric vehicles, like the ZOE, will cost the same as their similarly sized, conventionally powered equivalents by 2020. Gilles Normand, the firm’s senior vice-president for electric vehicles, said that the company’s sales for their first small EV, the ZOE, have leapt by 90% between 2016 and 2017, mostly thanks to the introduction of a larger battery capacity.

He also believes that as more manufacturers and suppliers continue to have breakthroughs in battery development, the cost of EVs will drop to a level comparable with their petrol and diesel opposites within a couple of years.

Speaking at the Financial Times Car of the Future Summit in London, Normand said, “We are moving faster than we expected. When we introduced the first ZOE back in 2012, we didn’t think the new battery capacity would come in 2016; we expected it by 2018.

“There’s now a huge amount of money being invested by OEMs and by suppliers, tier one suppliers. This will bring further technology breakthroughs in battery tech. And then it’ll further help sales, because it’ll be more affordable.

“So we mustn’t forget that the prices of combustion-engine cars will go up, and EV prices will come down. If you go for B-segment [cars like the Ford Fiesta], by early next decade we consider the prices of EVs will be on par with combustion-engined cars. With the  C-segment [cars like the VW Golf], it’ll be the middle of the next decade. And in industry terms, the year 2020 is like tomorrow morning at 8am, right? And this will be another trigger point for more and more adoption.”

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