Watch / Technology / Business / Career / Cars / News

Richard Parry-Jones: cost parity between EVs and ICE cars will be “about 2026”

Posted On: 4 Mar 2021   |   Posted By: Autocar

Richard Parry-Jones: cost parity between EVs and ICE cars will be “about 2026”

Former Ford engineering guru claims EVs won't dramatically drop in price, rather engines will become pricier
The point where petrol and diesel cars and electric cars are comparable on purchase price will likely come in 2026 - but not because EVs will get much cheaper, according to Richard Parry-Jones .
Speaking at the latest Autocar Business Live conference (which Autocar subscribers can watch again), Parry-Jones - an engineering consultant best known for his 38-year career at Ford , where he became product development boss and chief technology officer - said the gap will close because the cost of making internal combustion engines will rise.
He explained: “I think fundamentally batteries are more expensive than current technology. The main reason for the gap closing is not because the batteries are coming down - although they are. It's actually because the ICE cost is going up. They're meeting the middle.”
Parry-Jones echoed car makers in saying that emissions control systems for ICEs...

Continue reading ...

 








VP Harris casts tie-breaking vote to start COVID debate as GOP senator...

VP Harris casts tie-breaking vote to start COVID debate as GOP senator demands 628 page bill be read

Vice President Kamala Harris cast the tie breaking vote so senators could start debate on $1.9 trillion COVID relief bill. GOP Sen. Ron Johnson demanded the 628 page bill be... Read more ...

Peter Crouch leads the way as Fulham fans fume over Mario Lemina handball...

Peter Crouch leads the way as Fulham fans fume over Mario Lemina handball decision against Tottenham

Nigeria international Maja thought he had levelled things up in the 62nd minute after squeezing a shot past Hugo Lloris, with Tosin Adarabioyo's first-half own goal having... Read more ...

Emmerdale spoilers: Priya Kotecha sleeps with Ellis Chapman after Al sacks her

Emmerdale spoilers: Priya Kotecha sleeps with Ellis Chapman after Al sacks her

Ellis reminded Priya that she deserves better than Al Priya Kotecha's relationship with Al Chapman is in tatters in Emmerdale , and in tonight's episodes , it was clear Priya... Read more ...

Brad Pitt is Fight Club ready looking bloodied and bruised on set of action...

Brad Pitt is Fight Club ready looking bloodied and bruised on set of action blockbuster Bullet Train with Joey King

Brad Pitt and Joey King were in the thick of the action on set of Bullet Train this week Brad Pitt was looking a little worse for wear on set of his new action blockbuster... Read more ...

New Zealand tsunami alert as 'three metre' waves poised to hit NZ...

New Zealand tsunami alert as 'three metre' waves poised to hit NZ- evacuation ordered

A TSUNAMI warning has been issued for New Zealand after a major magnitude 8.0 earthquake rocked Kermadec Islands. A three metre-tall tsunami is expected to hit the northern... Read more ...

Psaki refuses to praise Trump's role in vaccine distribution plan: 'I don't...

Psaki refuses to praise Trump's role in vaccine distribution plan: 'I don't think anyone deserves credit when half a million people in the country have died'

Summary List Placement White House Press Secretary Jen Psaki on Thursday refused to praise the Trump administration for its vaccine distribution efforts before President Joe... Read more ...

Liverpool get lucky with dodgy VAR call as Werner goal ruled out

Liverpool get lucky with dodgy VAR call as Werner goal ruled out

Liverpool were given a rare brush of luck at Anfield on Thursday night as Timo Werner saw his opening strike ruled out for offside. To us, it looked like the goal should have... Read more ...

John Beaton took 'gamble' over big Rangers penalty call

John Beaton took 'gamble' over big Rangers penalty call

The Hearts star reckons the referee and his assistants made the wrong decision in booking Ibrox star Alfredo Morelos for diving. Read more ...

Michelle Keegan and Mark Wright suffer sad family news

Michelle Keegan and Mark Wright suffer sad family news

Mark Wright announced on Thursday that his uncle Eddie has passed away. Sharing the sad... Read more ...

Gareth Thomas says he faces discrimination every day over his sexuality and...

Gareth Thomas says he faces discrimination every day over his sexuality and living with HIV

The former rugby player, 46, who revealed he is HIV positive in 2019, appeared on Thursday's episode of Channel 5's Jeremy Vine show. Read more ...