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...

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