NewEnergyNews: Japan’s Mitsubishi Sees EV Price Beating Gas Cars

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    Friday, October 13, 2017

    Japan’s Mitsubishi Sees EV Price Beating Gas Cars

    Electric cars may one day become cheaper than traditional vehicles, top CEO says

    Saheli Roy Choudry and Arjun Kharpal, October 12, 2017 (CNBC)

    “…The electric vehicle market is becoming more competitive as automakers introduce battery-powered cars to their lineups…[and stricter] fuel efficiency standards for gasoline cars could make traditional vehicles more expensive…[while batteries] powering electric vehicles are expected to become cheaper, according to Mitsubishi Electric President and CEO Masaki Sakuyama…The price of an electric vehicle depends largely on the cost of the batteries that power them…so in the near future, the cost of the electric vehicle will be comparable to the conventional cars, [according to Sakuyama, and] electric vehicle batteries may become cheaper to produce than combustion engines in traditional cars…” click here for more

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