The cost of making electric cars will reach parity with internal combustion cars by around 2025/26, the head of Envision Racing forecast on Tuesday, a step expected to accelerate the industry's transition to cleaner, greener vehicles.
Sylvain Filippi, managing director of Envision Racing, said it would soon become more expensive to manufacture traditional cars than their electric counterparts, given the cost of manufacturing internal combustion vehicles is increasing.
"At that stage, buying an internal combustion car will be a very bad idea because the original value of these cars will be nothing. It will became a really bad asset and I think the transition will accelerate really rapidly."
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