EVs will soon cost the same as petrol

According to Renault’s EV boss, the cost of electric cars like the ZOE will drop to a price similar to conventionally-powered cars.

The car maker's head of electric vehicles says that EVs will cost around the same as similarly sized, conventionally powered cars by 2020.

Gilles Normand, senior vice-president for electric vehicles at Renault, said that sales of the firm’s small EV, the ZOE, have jumped 90 per cent between 2016 and 2017, thanks to the introduction of a larger battery capacity.

“There’s now a huge amount of money being invested by OEMs and by suppliers, tier one suppliers. This will bring further technology breakthroughs in battery tech. And then it’ll further help sales because it’ll be more affordable.

“So we mustn’t forget that the prices of combustion-engine cars will go up, and EV prices will come down.”