Tech
EVs expected to cost as much as regular cars to make within 4 years
A new study suggests that we may reach price parity between electric vehicles and their combustion counterparts a little sooner than we first thought.
As it stands, the consensus is that EVs and regular cars will reach price parity within the next decade. This is expected to happen when batteries cost $100 per/kWh, after that, EVs could become cheaper than their combustion counterparts.
According to the study, from investment bank UBS, we should expect the price per kWh of making battery packs to reach this level by 2022, The Guardian reports.
When this happens, UBS says the extra cost of making EVs compared to their fossil fuel equivalents will decrease to $1,900 (£1,470) per car. By 2024, it expects the additional manufacturing costs to have completely vanished.
[Read: What audience intelligence data tells us about the 2020 US presidential election]
UBS analyst, Tim Bush, said that after 2025, there’s not really going to be any reason not to buy an electric vehicle.
In most European nations, electric vehicles are becoming increasing popular thanks to generous government subsidies. At present, these subsidies tend to cover most of the difference between an EV and comparable combustion versions.
The Guardian used a good example comparing the VW Golf to the new ID.3, which is largely recognized as what will become the electric car of the people, in the same way the Golf — and the Beetle before it — were their generation’s “cars of the people.”
The regular Golf costs about £20,000 ($26,000), the ID.3 on the other hand costs just shy of £30,000 ($39,000). At the moment, EV subsidies in the UK would bring the ID.3’s price down by £3,500 ($4,500).
However, as the world accelerates towards electric cars, this price difference is now expected to shrink in the not too distant future.
UBS expects electric vehicles to account for 40% of global car sales by 2030.
By that time, EVs could even be cheaper than their gasoline counterparts. When you also consider that no matter what, they’re always the better environmental option, it really does beg the question of why would you not buy an electric car?
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Published October 26, 2020 — 13:44 UTC
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Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum
Best Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy
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Today, exactly one year after Apple first launched the AirPods Pro — and thus the same day the very first AirPods Pro owners will see their one-year warranties expire — Apple has launched a repair program that offers free repairs or replacements for another whole year if your AirPods Pro experience issues with noise cancellation or static.
Specifically, Apple will fix:
Crackling or static sounds that increase in loud environments, with exercise or while talking on the phone
Active Noise Cancellation not working as expected, such as a loss of bass sound, or an increase in background sounds, such as street or airplane noise
Apple says only a “small percentage of AirPods Pro” are affected by the issues, but it apparently wasn’t just an early batch — Apple says affected units were manufactured “before October 2020,” meaning every AirPods Pro ever made might be eligible. That’s quite a recall if so. Apple says it will repair faulty AirPods Pro for two years after you first buy them.
We’ve heard complaints about degraded noise cancellation before, and at least one Verge editor has replaced their AirPods Pro under warranty. It’s nice to hear that Apple isn’t just cutting buyers off as soon as that warranty expires.
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