How much are the costs per kilometre of driving with electric cars compared to traditional fuel powered cars?
The costs of the battery have an impact on the costs per kilometre. The more batteries are produced, the more affordable they will be. As soon as the first cars are launched on a mass scale, significant price reductions are likely to occur. While the price of oil will rise over time due to scarcity, the energy costs of electric cars will become more competitive. Even with oil prices at 30$/barrel, total cost of ownership (TCO) for electric vehicles is significantly lower than for vehicles with an internal combustion engine.
