Why are electric vehicles so expensive?

Why are electric cars so expensive? Surely nearly all the components are cheaper to produce than conventional petrol/diesel versions.

Asked on 29 October 2019 by nomeandude

Answered by Andrew Brady

Mainly because of the batteries. Battery production is very expensive and the batteries in an EV alone can be worth thousands. With demand exceeding supply, manufacturers can currently afford to ask high prices for electric cars.

Tags: batteries electric cars evs

Similar questions

Do I need to buy an electric car soon?

I'm 64 do I realistically have to worry about electric cars? I don't have anywhere to charge one and I'm quite happy with a small petrol car.

Is poor range from an electric car grounds for rejection?

My wife and I wanted to replace a three year old EV. We went to a dealer and bought a brand new EV which was essentially the same as the old one. The new car was the next generation of the same car advertised...

What will happen to old electric car batteries?

When we are all forced to go electric for new cars the batteries will not last forever, so what has been decided what happens with all the old car batteries?