Sales increase 43% globally in 2020 as plunging battery costs mean the cars will soon be the cheapest vehicles to buy
Damian Carrington Environment editor
Fri 22 Jan 2021 12.25 GMT Last modified on Fri 22 Jan 2021 14.19 GMT
Electric vehicles are close to the “tipping point” of rapid mass adoption thanks to the plummeting cost of batteries, experts say.
Global sales rose 43% in 2020, but even faster growth is anticipated when continuing falls in battery prices bring the price of electric cars dipping below that of equivalent petrol and diesel models, even without subsidies. The latest analyses forecast that to happen some time between 2023 and 2025.
The tipping point has already been passed in Norway, where tax breaks mean electric cars are cheaper. The market share of battery-powered cars soared to 54% in 2020 in the Nordic country, compared with less than 5% in most European nations.
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