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yesterday

Electric Cars Near Combustion Price Parity as Buyers Warm to EVs

Lower battery and motor expenses are enabling manufacturers to aim for sub-€7,000 models, accelerating combustion-to-electric conversions by private buyers.

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Overview

  • A Fraunhofer-ISI study finds electric vehicles emit 40–50% fewer greenhouse gases in operation and become cheaper than comparable combustion cars after about three years, contributing to a purchase-price gap now under €3,000.
  • A YouGov survey for insurer HUK shows 48% of consumers view EVs positively versus 45% skeptical, while private registrations switching from petrol or diesel to electric jumped by one-third in Q2.
  • Leapmotor CEO Zhu Jiangming says mid-size electric SUVs could potentially retail for around €6,500 in future as battery and motor costs fall and chip integration rises, though this remains an industry projection.
  • Auto Bild’s holiday safety tests rank the Mercedes-Benz EQB first for stable handling and consistent braking under full load, while the Seal U trails, and a heise.de preview of 21 models underscores range trade-offs in budget segments.
  • Leapmotor has opened its first store in Hong Kong and, backed by Stellantis’s $2.1 billion investment, plans local production hubs in Europe and Southeast Asia to support global expansion.