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https://thedriven.io/2025/07/30/graph-of-the-day-evs-are-nearing-price-parity-with-petrol-and-diesel-cars/>
"Electric vehicles may already match and beat internal combustion cars on
measures such as total cost of ownership, but it is generally accepted that the
real tipping point in the global EV market will not come until there is “price
parity” on the sticker price of the cars.
The 20 per cent fall in battery prices over 2024 – and continued falls in 2025
– should help that. According to BloombergNEF data, battery cell and pack
prices have fallen to $US112/kWh – down from $US166/kWh in 2022 and $US806/kWh
in 2013 – a reminder that this technology is and has fallen at a similar rate
to solar PV modules.
Kobad Bhavnagri, the global head of strategy at BloombergNEF, says it is clear
that the cost of batteries have resumed their downward trend after a brief rise
in the global energy price fuelled by Russia’s invasion of Ukraine.
“Now this is, of course, important for what it helps enable in storage in the
power system,” Bhavnagri told the Australian Clean Energy Summit on Tuesday.
“But it is even more important in the fact that it drives a tipping point in
electric vehicle economics, which are on the cost of sticker price parity with
internal combustion engine vehicles in most major markets for most classes of
passenger vehicle.
“And this is going to mean that electric vehicle sales will continue to go up
this year. “We expect that one in four vehicles sold around the world will have
a plug. And the only real direction for that is for greater and greater
shares.”"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
