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After global sales of electric cars skyrocket 75% and the value of the EV battery plummets, General Motors says that soon the price of the electric vehicle will be the same as the car with a combustion engine

Written by Flavia Marinho
Published 13/11/2022 às 12:44
general motors - gm - chevrolet - electric cars - price - combustion engine - Ford - gasoline
Chevrolet factory – Image – Auto

The electric car Blazer EV, from the multinational Chevrolet (GM), surprises with a range of 530 km, enough for interstate trips, such as from São Paulo to Rio de Janeiro

The sale of electric cars has been growing in the world! Chevrolet, part of the General Motors Group, estimates that its electric cars have a total cost of ownership compatible with combustion engine vehicles, already in the second half of this decade!

In the first half of 2022 alone, global sales volume increased by 75% compared to the same period last year. The offer of models, large investments in charging infrastructure and stricter emissions laws have been the main drivers of this growth.

With average kWh price of batteries falling and reaching almost half in recent years, in addition to the development of new chemical compounds and larger-scale production, the value should fall further and be 30% lower by the middle of the decade.

In addition, the reduction in the cost of the batteries that power the EVs directly influences the price of electric cars compared to traditional combustion cars.

Chevrolet estimates that the production of electric cars will have a cost compatible with those of combustion engines

Chevrolet, a brand of the General Motors Group, projects that the new generation of batteries, with Ultium technology, will cost 40% less than the current product line. The multinational is already working on an even more advanced composition, which will allow its electric cars to have a total acquisition cost compatible with combustion engine vehicles, considering similar sizes and equipment. 

According to General Motors, the expectation is that this will occur from the second half of this decade, including compact models, also designed for South America.

Battery life and extensive warranty plans are making used car consumers more confident. In addition, another characteristic of these new generation batteries is their higher energy density, being able to store a greater amount of energy without having to increase their size.

The Blazer EV, which is already part of the electric generation of the multinational General Motors, is already equipped with Ultium technology, becoming an example for future Chevrolet electric vehicles announced for the Brazilian market.

The SUV Blazer EV surprises with its autonomy, estimated at 530 kilometers with a maximum load. This is more than enough for interstate travel, such as São Paulo to Rio de Janeiro. In the middle of the way, it is possible to recharge at an ultra-fast charging station. There, it only takes 10 minutes to gain 130 kilometers.

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Flavia Marinho

Flavia Marinho is a postgraduate engineer with extensive experience in the onshore and offshore shipbuilding industry. In recent years, she has dedicated herself to writing articles for news websites in the areas of industry, oil and gas, energy, shipbuilding, geopolitics, jobs and courses. Contact her for suggestions, job openings or advertising on our portal.

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