Many people hold the perception that electric vehicles are greener and, in some respects, cheaper to run than their internal combustion engine diesel and gasoline counterparts.
However, the reality is far more complex than many would imagine. To gain a more accurate picture, it’s important to consider the complete lifecycle of each vehicle – from the sourcing of the materials to manufacture them and their batteries, fuels, or energy sources to their environmental and social governance impact from start to end of life. This includes how the materials used in them are recycled and reused.
Robert Camm, senior consultant, mobility at Frost and Sullivan, says: “The cost of electric vehicles has typically been higher than their internal combustion engine (ICE) equivalent. While this gap is closing there is still some way to go. As the cost is higher, drivers will expect additional functionality to support this investment, beyond just the powertrain and sustainability benefits.”
Read the complete article on TU Automotive.
Client: InformaTech, published by TU Automotive 4th October 2022.
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