EVs graph 2

EVs graph 2

Source: NEB

Description: The projected vehicle prices from EF2018’s Reference Case and Technology Case are shown in the graph for 2020, 2030, and 2040. While the prices of ICE cars and trucks are generally lower than their EV equivalents, the graph shows that in both cases, the price of ICE vehicles slightly climbs over the projection, while the price of EVs falls. The size of this decrease is larger in the Technology Case.

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