In seven years, the electric car is cheaper than a car in which petrol or diesel must be used. Also, by 2035 only electric cars will be available in the market . So, the cars with classic combustion engines will disappear from the street scene. This is what ING’s economic research firm predicts about the advance of the electric car.

“The development of batteries for those cars is now very fast,” says economist Max Erich of ING. “They get a lot cheaper and you can drive longer. This is very important for the consumer if he is able to purchase an electric car. At an action range of 400 to 500 kilometers and more, it becomes interesting and that is really coming true now.”

electric car is cheaper

the electric car is cheaper per kilometer

Trendsetter Tesla took the first cars of his new model 3 last week.  This is a cheaper variant, but it is still expected to cost between 30,000 and 35,000 euros. Also Opel advertised the Opel Ampera-E as affordable electric car, but it still costs more than 40,000 euros. 

Purchase price

“At the purchase price, electric cars can not compete for the moment,” says ING economist Erich. “But when it comes to cost-per-kilometer, electric cars are cheaper than petrol or diesel cars from 2024. This calculation includes depreciation, charging, maintenance and repairs.”So,comparing the purchase price electric car is not cheaper but in terms of cost per/km electric car is cheaper than the rest.

The basic advantage of such technology is, electric car is cheaper per kilometer. According to ING, the cost per kilometer is becoming increasingly important. “Because we expect more and more people to lease, as private as well, and together, car sharing seems to be getting more popular, and then the purchase price is less interesting. We think Europe’s sales are fully electric around 2035.”

Tesla:

Since the previous week, the pioneer has rolled out the first Tesla Model 3 tires, which will soon be delivered to the first American customers. Cost about 31,000 euros. Covers 350 km on a full battery.

Renault-Nissan:

With the Nissan Leaf and the Renault Zoe, two cars on the market that allow you to drive 200 to 300 kilometers with full battery. In September, the new Leaf comes with a larger range. Nissan is already well-wired without cable.

Volvo:

Want to make all new models only in electric or semi-electrical versions since 2019.

Volkswagen:

Through the diesel scandal, Volkswagen has accidentally thrown the development of electric drive into a higher gear. Has had e-Golf on the market for years. The first VW, which was designed as an electric car, is the ID and must be in production by 2020.

Mercedes:

Comes with electric convertible. Stops with Chinese partner 645 million euros in battery development.

Ford:

Wants to market thirteen new models over the next five years.

Peugeot-Opel:

Peugeot has taken Opel for the knowledge of electric driving. The Ampera-E has to do it, more than 40,000 euros.

BMW:

Over 5 billion euros intended for development combustion engines are now going to develop electric cars. Will Tesla attack with electric version of BMW3. Has already got the i3 on the market.

Audi:

30 percent of research money is now going to electrical. Audi wants to have a SUV in the market that can drive 500 kilometers with the battery.

Porsche:

In 2020, E-model of the tire has to roll, for this purpose Porsche 1400 wants to take extra staff. Porsche invests 700 million euros in Mission-E.

Mitsubishi:

Headlight in semi-electric cars. Many lease drivers took the Outlander. Full electric is still missing in the collection.

The breakthrough of electric driving has major consequences for the automotive industry and especially the suppliers. A car with a combustion engine counts about 1400 key components, an electric car only 200. “Europe was always very good in internal combustion engines, but that competitive advantage will disappear due to the rise of the electric car,” says researcher Erich van ING. “The battery is an essential part of the electric car, and developments and production are currently taking place in Asia and America.”

The Netherlands counts hundreds of companies that deliver to the automotive industry, especially to German brands. Taking that in account, the combined turnover is more than 9 billion euros and there are about 40,000 people working in the car sector.

Companies can benefit from the switch to electrical

Merel Stikkelorum went along at E-traction in Apeldoorn. That company has been developing an electric motor in the wheel for years, rather than under the hood.

According to Jan Wouters of AutomotiveNL, the transition to electrically is not only a threat. “Several companies have already made the turn, focusing on products that are needed for electric cars, which is the future.”

Prodrive Technologies in Son also made the choice. “Five years ago, we decided to focus on electric cars,” says Thomas van Schijndel, sales and marketing manager. “We are now developing an option to charge the car wirelessly. In the meanwhile we have concluded contracts with several major automotive brands we will deliver.”

That’s what Prodrive expects to generate 100 to 200 million euros of extra revenue. “And we still see great growth opportunities, the biggest problem is the staff. We now work around a thousand people here, which has to double in a few years, but good software developers are not up to scratch.”

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