Will Electric Cars always be More Expensive than Gasoline Cars?

Will electric cars always be more expensive than gasoline cars?
Will electric cars always be more expensive than gasoline cars?

At this moment in time one of the issues which many people highlight time and time again, is the cost of electric cars compared to their gasoline counterparts. On the whole, the electric vehicle of today is substantially more expensive to buy, even after various government incentives, than its traditional gasoline counterpart. While this is not the only issue which some motorists have mentioned it is one which is very often uppermost in their minds.

The reality is that comparing price for price is not unfair because in reality any technology will only be successful if it is affordable to the masses. The likelihood is that electric vehicles will at some stage fall dramatically in price and be more comparable to their gasoline counterparts.

Mass-market appeal

The fact is that electric car manufacturers around the world have spent hundreds of millions of dollars in this particular industry, bringing together the latest technology and developing it yet further. There is not only a base cost to this technology and research but there is also a physical cost in putting together the vehicles and the components of electric car technology.

As electric cars move towards the mass-market, as many believe they inevitably will, the expected increase in sales will help to spread the initial research and development costs across a wider spectrum, and therefore bring down the cost of electric cars. Let us not forget that component manufacturers will offer better deals to companies which acquire more of a specific component because it is more efficient to make these components in bulk.

Quote from ElectricForum.com : "One interesting point which has emerged over the last few months is the fact that due to the massive difference in gasoline/petrol prices across the world, electric vehicles may well be more attractive to drives in countries such the UK as opposed to the US, where the cost of recharging electric car batteries has been criticised."

Technological advances

Despite the fact that electric vehicles have been around in some shape or form for in excess of 100 years, the industry today is in its relative infancy compared to its gasoline counterpart. Those who believe that electric car technology has been pushed to the brink will need to think again because there is much more to come from this industry and we have literally only scratched the surface.

Companies are now looking towards lighter bodies, lighter batteries, and indeed aerodynamic efficiencies are now moving towards perfection. The electric car that we see today compares very favourably to that of 20 years ago and even 10 years ago and the same will be said of cars in the future. This is an industry which is moving very quickly, this is an industry which has significant investment in the pipeline ,and above all, this is an industry which seems primed "to go".

Looking to the future

The price of electric vehicles is for so many people one of the major issues of the moment, although there are others such as journey capacity and the lack of recharging stations. The fact is that these issues will be resolved in the short to medium term, electric car sales are improving (sales have now topped the 100,000 level in the U.S.) and more than at any other time the industry seems set to finally make it into the mass-market.

The cost of vehicles will come down as technology improves, more efficiencies are pushed through and indeed electric car sales finally take off. We're not sure when this will be but it will happen and it should be in the next decade or so!