The Quiet Way The Auto Industry Has Been Gliding Toward EV Revolution
The auto industry is experiencing a significant shift towards electric vehicles (EVs), driven by rapidly decreasing battery prices, which are expected to drop by 70% in the next five years. This trend will enable battery electric vehicles (BEVs) to reach price parity with traditional vehicles in Europe and China. As automakers like CATL, BYD, and Volkswagen Group innovate, the market is seeing an increase in EV range and affordability. The introduction of models like the 2026 Nissan LEAF and cheaper Tesla options indicates a growing variety in the EV market, paving the way for more competitive pricing and options for consumers.
cleantechnica·
