Electric cars could reach cost parity with conventional cars by next year

Are you eager to get your hands on a new electric vehicle (EV)? You’re not alone. Fortunately, you won’t have to wait long, as a new report from investment firm UBS says electric cars will soon reach cost parity with vehicles that have internal combustion engines (ICE). Perhaps the most exciting news is that the shift is expected to take place as early as 2018.

The report makes it clear that while electric vehicles will still cost more than ICE cars, owning a new EV will be comparable…


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