EVs could be cheaper to build than ICE vehicles by 2027 | Car News

• Electric vehicles will soon be cheaper to build than gasoline-powered ones, according to an analysis firm.

No matter what the offer or the technology, if the price is high, fewer buyers will be able to jump in. It's a simple question of logic... and mathematics. Pacheco explains that the cost of batteries is falling, but that production costs will fall faster thanks to innovations such as “gigacasting”, a technique that involves casting large sections of the car in a single piece, rather than using dozens of welds and bonding agents. Tesla, which is cited as a leader in innovation and assembly cost reduction, was a pioneer of the process.

He describes 2024 as one of transition in the European EV market, with Chinese companies such as BYD and MG expanding their sales networks and ranges, while traditional manufacturers such as Renault and Stellantis prepare to launch lower-cost models.

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