Timeline for Electric Vehicle Revolution (via Lower Battery Prices, Supercharging, Lower Battery Prices)

Everyone knows that electric vehicles (EVs) are going to replace internal combustion engine vehicles (ICEVs) in the long run.  Many of us are excited about this key transition away from fossil fuels and hope that it comes sooner rather than later, yet are not sure exactly when the big breakthroughs in market share are going to happen.  It is often stated that at battery prices of $100/kWh, EVs will successfully compete with ICEVs, but mainstream predictions about how and when this happens vary widely.  In this in-depth article we are going to look in more detail at the figures relevant to different vehicle segments, estimate the most probable timeline for feature and price parity in these segments, and offer a counterpoint to the more conservative timelines that we see from both incumbents (OPEC) and progressives (BNEF) alike.  We know the EV disruption is real, since it is already well underway in the premium sedan segment.

The bottom line is this:  EVs will be better and cheaper than ICEVs at the value end of the biggest volume segments (small SUV and compact car) by 2022.  At the higher-priced end of these segments, EVs will already be at parity by 2019.  By 2024–2025, EVs will outcompete on both features and price in pretty much every vehicle segment (except rocket ships).

Read more at Timeline for Electric Vehicle Revolution (via Lower Battery Prices, Supercharging, Lower Battery Prices)