According to projections by research company BloombergNEF (BNEF), larger EVs will reach price parity with their fossil-fuel counterparts in the US and Europe in 2022, with parity reached in most other segments and regions by the end of the decade.
Infographic: Falling battery prices drive EV sales
According to a BNEF survey, average pack prices will be close to $100/kWh by 2023