Mexican Media Brands
Conti: EVs Won’t Make Economic Sense until 2025
Electric vehicles won’t gain an economic advantage over piston engines until 2025, when they overcome current shortcomings of high battery cost, limited range and lengthy charging times, opines Wolfgang Schaefer, Continental AG’s chief financial officer.
#hybrid #economics
Share
Electric vehicles won’t gain an economic advantage over piston engines until 2025, when they overcome current shortcomings of high battery cost, limited range and lengthy charging times, opines Wolfgang Schaefer, Continental AG’s chief financial officer.
The changeover will come as carmakers introduce a "fireworks of new electric models" currently in development to help them meet future emission and fuel economy rules, Schaefer tells Bloomberg News.
Meanwhile, consumers are beginning to warm to electrification, Bloomberg notes. In January-March, for example, sales of electric and hybrid cars in Europe jumped 36% to 235,400 units, or 12% of the overall passenger vehicle market, according to European industry trade group ACEA
That would be good news for Conti. The company currently supplies systems for conventional powertrains worth about €750 ($816) per vehicle, but Bloomberg says that amount could surge to €3,000 ($3,300) for the components of an all-electric powertrain.
RELATED CONTENT
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
On The Jeep Grand Cherokee, 2022 Nissan Pathfinder, and More
An inside look at the Detroit Assembly Complex-Mack; a innovative approach to waste-free, two-tone painting; why a forging press is like an F1 car; and other automotive developments.
