SWITCH­ING FROM AN

Shares - - UNDER THE BONNET -

in­ter­nal com­bus­tion en­gine ve­hi­cle to an elec­tric ve­hi­cle re­duces the cost per mile by 55% from $0.88 per mile to $0.40 per mile for the owner of the ve­hi­cle, ac­cord­ing to re­search group Edi­son. ‘Given that al­most all of the drives made are done so for a pur­pose, we think that the eco­nomics of EVs are likely to vastly out­weigh any lin­ger­ing pref­er­ences for the old style of ve­hi­cles re­sult­ing in an al­most com­plete con­ver­sion of the mar­ket once EVs hit eco­nomic scale and the right in­fra­struc­ture is in place,’ it adds.

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