Honda Exec: Lithium-Ion EVs Will Always Be More Expensive Than Gas Cars via insideevs.com
As electric cars continue to grow in popularity, purchase costs are beginning to become more on par with ICE vehicles - especially in Europe, where gas cars are becoming increasingly penalized. In some cases, electric cars are significantly cheaper than their ICE alternatives. A Porsche Taycan, for example, costs roughly half as much as a Panamera in Norway. Meanwhile, in France, a BMW i4 M50 is 35% cheaper than a less powerful M3 or M4.
That said, on the lower end of things EVs are still considerably more than equivalent gas cars. In Germany, a Volkswagen ID.3 will set you back at least €38,000 meanwhile a well-equipped Golf can be had for €8,000 less. In the US, the Chevy Bolt EUV retails for $28,195 . So, why is it that entry-level EVs remain more expensive than their combustion-engine equivalents? Honda's Vice President of Business and Sales for America, Dave Gardner, was recently quizzed on the matter and stated the following :
"We [Honda] don't really believe that the current lithium-ion technology is the long-term solution. Solid-State batteries are going to be the game changer for us." Mr. Gardner believes solid-state batteries will enable entry-level EVs to be priced "in the neighborhood of what a nice [ICE] vehicle costs." However, he also admitted that solid-state batteries are still a while away and won't be used on the brand's upcoming Prologue crossover. That said, Honda is committed to the development of solid-state batteries and recently announced a $310 million investment in the area.
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