Climate Changed
Electric Cars Will Be at an Economic Disadvantage Until 2025
- Pricey batteries will keep combustion engines cheaper: CFO
- ‘Fireworks’ of e-vehicles planned amid tighter regulations
QuickTake: The Drive Towards Cleaner Cars
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Carmakers readying a salvo of electric cars will be stung by ramp-up costs until about 2025, amid an industry-wide push to make the vehicles more appealing to the mass market, according to automotive supplier Continental AG.
“High battery costs, limits to driving ranges and charging times mean that electric cars won’t have an economic advantage over combustion engines until 2025,” Continental’s Chief Financial Officer Wolfgang Schaefer said in a phone interview.