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EVs will be cheaper than gasoline-powered cars by mid-2020s
Continuing drops in lithium-ion battery prices mean that electric vehicles (EVs) will be less expensive to own than gas or diesel-powered vehicles as soon as the 2020s, according to a new report. The report, by Bloomberg New Energy Finance, calculated that EVs' total cost of ownership will become cheaper on an unsubsidized basis than that of internal combustion engine cars by the mid-2020s. This will occur even if gas-powered...