It’s Not Just Tesla, Electric Cars Are Getting Cheaper

A new report from Cowen & Co. says that electric cars will be cheaper than gas guzzlers by the early- to mid-2020s, thanks to falling battery prices as well as the costs that traditional car makers will incur in order to make sure their vehicles comply with new fuel-efficiency standards. Cowen’s Jeffrey Osbourne writes that these developments could accelerate electric-vehicle adoption from 1% of all global sales this year to 3% in 2020 and 7.5% in 2025, Cowen’s Jeffrey Osbourne writes. It’s a more optimistic forecast than most.