UBS: Electric vehicles to reach cost parity with petrol cars by 2018  

Posted by Big Gav in ,

Investment bank UBS is forecasting that electric car costs will hit parity with petrol cars next year - UBS: Electric vehicles to reach cost parity with petrol cars by 2018.

Analysts for UBS have torn apart a perfectly good Chevy Bolt to see how it is put together. What they found led them to make this rather startling announcement: the “total cost of consumer ownership [of electric cars] can reach parity with combustion engines from 2018.” Notice that doesn’t mean an electric car and a conventional car will cost the same to buy new. It means they will cost the same to own, figuring in maintenance, cost of fuel, insurance, and all the other factors that are part of the total cost of ownership.

The UBS study goes on to say, “This will create an inflection point for demand. We raise our 2025 forecast for EV sales by 50% to 14.2 million — 14% of global car sales.”

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