Merck’s Performance Materials business develops high-tech options for the automotive industry. And these numbers are only going to extend as the costs of batteries and production lower. Based on a recent analysis by UBS Evidence Lab, the price of owning an EV will fall to the same stage as that of a traditional automobile with an inside combustion engine (ICE) as early as 2018. UBS got here to this conclusion after tearing aside EVs and discovering that the price of producing these vehicles is lower than initially anticipated, and much less than ICE automobiles. That said, there may be still potential for further savings, thus driving down the prices of EVs much more.
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