Armen Hareyan's picture

EV vs ICE parity in 10 years? Commenter Argues We Have Already Reached That Point

TorqueNews has been getting some Facebook comments on regarding the topic of Electric Car vs ICE price parity in 10 years. Here is one from Jamie Dow who argues that perhaps we have already reached parity.

Jamie says Tesla is obviously the foremost example of an electric car, which crushes the gasoline competition, though he doesn't like to talk about Tesla as if its the only game in town, despite being an owner and investor. Below is Jamie's comment in response to our earlier story about EV prices possibly matching ICE prices in 10 years.

Well, in reviews and everything else, the Tesla seems to do much better than the competition. Car of the Year, Automobile of the Year, World Green Car of the Year, Consumer Reports' highest rating, Consumer Reports' highest customer satisfaction rating, etc. etc. It's just a better car than anything else you can buy at the same price. If that's the case, if the electric car beats everything else that costs the same amount, then that suggests to me that the electric car is already more than "matching price" with ICE vehicles. Because, at the same price, it's better.

Tesla Model S destroys everything in the same price range, the 500e leases between the Pop and Abarth and is compared more to the Abarth than the Pop in driving fun, the Smart ED leases for only 139/mo, and basically everything else leases for 199/mo which is a completely reasonable number and they're typically way more pleasant to drive than any other car in that range - with, of course, much lower running costs.

And lest we think that Tesla is an anomaly (though, it's the only car engineered from the ground up to be fully electric, so it makes sense as an anomaly), then the examples of other cars - which weren't even engineered from the ground up as EVs - still being quite good in comparison to ICE cars at the same price, suggests to me that we've already reached this "parity" people keep talking about. Note that EVs tend to do well in customer satisfaction ratings wherever they are in the price range - the Leaf does very well in satisfaction too, and the Volt, despite being a PHEV (though one of the larger batteries of PHEVs) also ranks consistently very high.

Now, I ask, if we haven't reached it, then what sign will tell us when we do reach it? What's the metric by which we can claim to have reached it? I think having cars that are well-reviewed against gasoline-powered price peers, and that have higher customer satisfaction ratings, etc., suggests that we already have. I can't think of another metric that would say we haven't. Unless we are talking about the used car market for 10 year old clunkers. In which case, yes, ICE is still ahead there and the convenience of being able to charge at home instead of having to go to dirty gas stations.

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Armen/Jamie. Yes I agree that Tesla has already reached parity with ICE cars in it's price class. The ingredient Tesla has is the 200+ mile range and its supercharger network. We bought a 2011 Leaf and fell in love with the all electric drive but this car and so many other 80 miles per charge EVs are not at parity with ICE cars because of the large difference in range. I feel a 200 to 250 mile BEV will push BEV to parity with ICE. The soon to be released Chevy Bolt and Tesla gen III will be the game changer.

Oh really? EV is equal with gas cars? Hmm..have forgotten the tesla is a $75,000 car? I can get a maxed out Fusion for $30,000.