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Electric cars will be affordable by 2025

Electric cars will be affordable by 2025

Mention electric cars today and most people picture a high-end Tesla and the price tag that comes with it. Electric vehicles (EVs) do still cost more to make than their gas-powered competitors, but a combination of key policies and market expansion can quickly tip the scales in favour of EVs — making them a powerful tool to reduce climate change, improve air quality, create jobs, and save a truckload of money on the road to a cleaner future. Click here to read the full story.

Gold standard technical and economic studies show the average cost of an EV could reach parity with gas-guzzling competitors within the next eight years or sooner. One study finds that when fuel savings are accounted for, EVs are already at cost parity in some markets and that automakers could reap profits comparable to or greater than gas-powered cars by or before 2025.

To find out more about renting electric, hybrid and low emission cars from Green Motion, visit www.greenmotion.com