“Electric cars have developed a reputation as the ultimate status symbol of the champagne environmentalist, but that could be very close to changing. New research from BloombergNEF says they could be cheaper than combustion-engine cars by 2022.
Ten years ago, few would have predicted the meteoric rise of the electric vehicle industry. In 2010 the global stock was about 12,500, but more than two million were sold in 2018, accounting for around 2 percent of car sales. There are now five million on the road.
That’s been driven by a steady reduction in the price and size of batteries, as well as…”