EV vs. ICE Cost Breakdown and its Effects on EV Adoption

InsideEVs recently posted an article sharing Munro & Associates CEO Sandy Munro’s cost breakdown comparison of electric vehicles (EV) vs. internal combustion engine (ICE) vehicles, originally shared during Sandy’s recent Autoline After Hours interview, and why the results give an explanation to EV adoption issues.

Author Gustavo Henrique Ruffo states, “We are not sure how charging companies will make fast charging cheaper than filing up a fuel tank, but Sandy Munro helped us see more clearly why depreciation is a big burden for EVs. The engineer did so by revealing how much of their cost is concentrated on the electric powertrain.”

Sandy’s cost breakdown shows 51% of the cost of an EV is in its powertrain, compared to only 18% for an ICE vehicle. To which Ruffo states, “Munro clarifies that battery packs, inverters, and controllers are as much part of the EV powertrain as are the motors and any transmission an EV decides to use, such as the Porsche Taycan’s. Anyway, if he broke down the powertrain components’ share in the total cost, the battery pack would undoubtedly be responsible for most of it.”

The article goes on to discuss battery packs, the cost and what changes need to be made to in order to improve EV adoption.

Check out the full article here: https://insideevs.com/features/396979/how-much-powertrain-cost-ev/amp/