Electric vehicle popularity is surging nationwide and globally as countries look to find ways to limit carbon emissions and incentivize consumers to make the switch to electric. As popularity increases, the purchase cost of electric vehicles is becoming more in line with ICE vehicles. This is especially true in Europe, where gas cars are actually becoming penalized.
As for lower-priced electric models, purchase prices tend to run much higher than gas-powered options, often by thousands of dollars. Offering lower-priced, entry-level electric vehicles is something the segment is still working on.
Honda‘s Vice President of Business and Sales for America, Dave Gardner, says lithium-ion EV batteries are one of the factors keeping prices high and suggests that implementing solid-state batteries could make a difference for manufacturers and consumers.
“We [Honda] don’t really believe…
Lithuim-ion EV batteries will always cost more that ICEs says Honda exec.
