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Agricultural Development Bank of China
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Study: E-cars still expensive for manufacturers and buyers

August 28, 2020


Abstract : Electric cars are likely to continue to put pressure on carmakers' profit margins for the foreseeable future. According to a new study by PwC, the production of an electric car with a range of 300 kilometres currently costs around 4,500 euros more than a classic internal combustion engine.

Electric cars are likely to continue to put pressure on carmakers' profit margins for the foreseeable future. According to a new study by management consultants PwC, the production of an electric car with a range of 300 kilometres currently costs around 4,500 euros more than a classic internal combustion engine. A comparable plug-in hybrid with 100 kilowatts of power costs the carmakers 3,600 euros more. However, they could only pass on some of these additional costs to car buyers.

In order to meet the EU requirements and avoid fines, car manufacturers would still have to increase the proportion of electric cars to 35 to 45 percent by 2030. Buyers would get a new driving experience, comfort and access to zero-emission zones in cities, said PwC Strategy& expert Jörn Neuhausen - and in the case of small electric cars with a range of 150 kilometres, even lower overall costs than with a diesel or gasoline engine.

PwC calculates that the cost of battery cells could fall from 90 euros per kilowatt hour today to 68 euros within 10 years. Low-cobalt materials, the increased use of silicon or new coating processes could contribute to this. The additional costs for plug-in hybrids could thus fall to 2,500 euros by 2030, for electric cars to 1,500 euros and for fuel cell cars to 3,000 euros.

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Keyword: Germany electric cars

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