GOLD/FOREX
DUBAI 32°C
PRAYER TIMES
BUSINESS
BUSINESS

Infographic: Falling battery prices drive EV sales

According to a BNEF survey, average pack prices will be close to $100/kWh by 2023

Last updated:
Gulf News
1 MIN READ
Add as a preferred source on Google
SAIC-GM-Wuling Automobile Co. electric vehicles (EVs) are plugged in at charging stations at a roadside parking lot in Liuzhou, China.
SAIC-GM-Wuling Automobile Co. electric vehicles (EVs) are plugged in at charging stations at a roadside parking lot in Liuzhou, China.
Bloomberg

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.

Related Topics:
Graphics

Get Updates on Topics You Choose

By signing up, you agree to our Privacy Policy and Terms of Use.
Up Next

Related Stories

In an aerial view, the Warner Bros. logo is displayed on the water tower at Warner Bros. Studio on February 27, 2026 in Burbank, California.

Paramount acquires Warner Bros. in $110b mega-merger

2m read
The dashboard of an electric car Tesla Model S.

Soon, you may spot Tesla self-driving cars in Abu Dhabi

2m read
Elon Musk leads: As of February 26, 2026, the Tesla/Space X chief needs roughly another $150–$151 billion for his net worth to hit $1 trillion.

When will Elon Musk hit $1 trillion?

3m read
The Philippine Society for Quality has officially launched its Middle East arm at the Coca-Cola Arena in Dubai

Philippine Society for Quality launches Middle East arm

3m read