The price gap between new electric cars and internal combustion engine cars is shrinking

Electric cars are still more expensive than internal combustion engine models, but the price difference is seen to be narrowing.

In its article, the German publication Autobild expressed hope for price parity between new electric cars and cars with internal combustion engines. This is based on the latest research carried out by experts from Bochum’s Automotive Research Center (CAR) based on discount programs of the 20 most important models. According to this survey, the price gap between new electric drive (BEV) and internal combustion engine (ICE) vehicles continued to narrow in October. It was concluded that electric cars with an average price of 39,800 euros are on average almost 6,600 euros more expensive than ICE cars of a comparable price. Therefore, the price difference compared to the previous month has decreased by 920 euros.

“Electric cars are becoming relatively cheaper,” said the head of the study, Ferdinand Dudenhöfer, who expects similar trends in the coming months as well, explaining them with the response of car manufacturers to the expected changes in CO2 regulations, which will come into effect. force from 2025.

This change is already visible in the news of the last few weeks, such as reports from Opel, Volkswagen, Mini and Tesla, who have made changes to the price lists of the Corsa Electric, ID.3, Cooper Electric and Model 3.