Automakers

EVs will be cheaper to build than ICE cars by 2027, analyst says

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Tesla's factory in Shanghai. The EV maker has been a pioneer in lowering assembly costs, including the use of "gigacasting" instead of welding.
March 08, 2024 09:56 AM

Electric vehicles will be less expensive to build than internal combustion cars by 2027 thanks to new manufacturing techniques and lower battery costs, said Pedro Pacheco, vice president of research at Gartner.

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