McKinsey: Battery cost reduction looks very good for EVs
With gasoline prices staying high, plug-in electric vehicles are much better on an energy cost-per-mile basis than traditional internal combustion engine vehicles. The reality is, though, that when we compare lifecycle ownership costs – EV vs. ICE – the hands-down winner are gasoline-powered cars. When consumers can buy a car that gets over 30 mpg highway for something like $20,000, why pay a lot more for a plug-