Feeds

E-cars: unaffordable until 2030 (or later)

Big subsidies needed, even with double-price petrol

High performance access to file storage

It'll take at least 20 years for electric cars to become an economic alternative to the gas-guzzling variety, according to a new study.

The total cost of ownership (TCO) for hybrids and pure electrics will stay high for the next two decades – despite soaring fuel prices – because of their hefty price tag, consultancy Element Energy said.

At 2010 prices, the TCO of environment-loving EVs came in at a whopping £20,000 more than fiendishly fuel-thirsty rides, when you remove government incentives and manufacturer discounts.

And even in 2030, you're likely to fork out more over the first four years of the car's life, with the premium for pure electric cars dropping to £3000 and the premium for hybrids reduced from £6800 to £2400. The study was commissioned by the Low Carbon Vehicle Partnership.

The UK government is trying to halve UK carbon emissions by 2025 and, according to WWF UK, it'll need 6.4 million EVs on the road by 2030 to do it. It has dole out grants of £5000 for EVs, to promote electric and hybrid cars to the masses, most of whom are struggling under recessionary pressures such as not-very-good-wages and rising household budgets. The study does not expect wide adoption of EVs without monetary incentives.

The only thing that could help carbon-curbing cars along - even if fuel rises to £3 a litre, double its price today - is for battery prices to fall drastically.

"Battery costs are required to drop below £68/kWh for EVs with a 240km range to be comparable to the internal combustion engine vehicle on a TCO basis in 2025. This is considerably lower than what most experts believe is likely or possible with current technology," the study said.

On the flip side, conventional engines are predicted to improve, reducing the contribution of fuel costs to the TCO. ®

High performance access to file storage

More from The Register

next story
Elon Musk's LEAKY THRUSTER gas stalls Space Station supply run
Helium seeps from Falcon 9 first stage, delays new legs for NASA robonaut
Solar-powered aircraft unveiled for round-the-world flight
It's going to be a slow and sleepy flight for the pilots
Russian deputy PM: 'We are coming to the Moon FOREVER'
Plans to annex Earth's satellite with permanent base by 2030
LOHAN's Punch and Judy show relaunches Thursday
Weather looking good for second pop at test flights
New FEMTO-MOON sighted BIRTHING from Saturn's RING
Icy 'Peggy' looks to be leaving the outer rings
KILLER SPONGES menacing California coastline
Surfers are safe, crustaceans less so
Discovery time for 200m WONDER MATERIALS shaved from 4 MILLENNIA... to 4 years
Alloy, Alloy: Boffins in speed-classification breakthrough
Curiosity finds not-very-Australian-shaped rock on Mars
File under 'messianic pastries' and move on, people
Top Secret US payload launched into space successfully
Clandestine NRO spacecraft sets off on its unknown mission
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.