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Scale economies likely to bring down electric vehicle prices

Graham Watson

22nd October 2020

Encouraging news from the electric car sector, with UBS analysis suggesting that electric cars are going to be as cheap to produce as conventional petrol-engined cars by 2024.

This implies that there's likely to be a shift towards electric cars in the near future, as firms are able to benefit from improved technology and economies of scale in the manufacture of the vehicles.

Our short series of videos on supply and demand factors in the electric car industry can be found here

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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