Fully cost-competitive electric vehicles will be on European roads by 2024-25 if battery costs continue to fall at current rates, according to speakers at Oxford City Council’s EV Summit 2018 at the Said Business School, Oxford. Lithium-ion battery costs in China, which meets a major tranche of global demand, are falling at around 10% a year, Bank of America Merrill Lynch vice president, automotive research Martyn Briggs said. That meant battery-driven electric vehicles were on course to reach cost parity with diesel and gasoline cars by 2024 at the earliest, and 2030 at the latest depending on take-up of EVs and nickel and cobalt costs. Bloomberg New Energy Finance’s Colin McKerracher said cost parity would be reached around 2025. Until then, policy support was needed to ensure EV demand continued to grow, driving the […]