Electric cars currently make up a small percentage of new car sales, and part of the reason for that is the premium buyers often have to pay over gasoline or diesel cars for EVs. Government incentives (when available) help in that area, but when will electric cars simply cost the same as their internal-combustion counterparts?

Very soon, according to MIT Technology Review. Citing multiple reports from Bloomberg New Energy Finance, it claims electric cars will actually become cheaper than internal combustion ones by 2030. The key is an expected increase in the number of battery factories, which will boost production capacity—and thus provide the economies of scale needed to make batteries cheaper.

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The Tipping Point? Analysts Says EV's Will Be Less Expensive Than Traditional Powerplants By 2030

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