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Report Claims ownership Cost of EVs in UK Will Be Equal to Gas/Diesel Cars by 2022

Brian W in Technology

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Brian W    + 78

BW

A new report claims the electric vehicle market will reach a “tipping point” in 2022, when the cost of owning a BEV will equal that of owning a gas or diesel vehicle. The analysis comes from Deloitte, which also foresees EVs grabbing ten percent of the total market by 2024.

Deloitte identifies two main factors in reaching this conclusion in its incredibly detailed report: policy and regulation. The report points to future emission targets and fuel economy standards, financial incentives, and future city access restrictions as being the major drivers of this point.

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