#SmallMEB
VW Group Admits Developing Affordable EVs Will Be Difficult
Even with affordable electric vehicles cropping up on the global market, their budgetary nature is relative. While the industry promises that EVs will offer the world an affordable, mechanically simple and green alternative to traditional internal combustion models, they’ve yet to deliver. That’s not to suggest e-cars are failures, just that the technologies involved are still maturing.
Battery prices will continue to decline and eventually governments won’t always need to incentivize EV purchases through tax credits. But we’ve yet to reach the point where it makes just as much financial sense to buy a small EV as it would a gasoline-powered econobox. That could soon change.
Matt Posky
Apr 10, 2019
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