By 2025 electric cars to hit the roads at a very cheaper costs than petrol cars

If the costs of lithium ion batteries continues to fail the electric cars would get much cheaper by the end of 2025 than petroleum cars.

Some models will cost the same as combustion engines as soon as 2024 and become cheaper the following year, according to a report by Bloomberg new energy finance. For that to happen, battery pack prices need to fall even as demand for the metals that go into the units continues to rise, the London based researcher said.