Gartner Research: EVs Will Be Cheaper To Produce Than ICE Vehicles In 3 Years

For many years, electric vehicle critics have been pessimistic that EVs will ever go mainstream because they, have argued, will always be more expensive than fossil fuel-powered vehicles. Market experts have repeatedly pointed out that EVs need to achieve cost parity with ICE vehicles if they ever hope to displace them from our roads. Luckily for EV buffs, there’s growing evidence that this might happen sooner than many expect. Stiff competition, especially from China, as well as an oversupplied market have become a nightmare for…