Electric vehicles will soon be cheaper than regular cars because maintenance costs are lower, says Tony Seba

All new vehicles would be electric by 2025, due to cost-effectiveness rather than a green revolution, Tony Seba, a serial entrepreneur and author, told a Nomura investment forum. Electric vehicle (EV) performance has been improving so quickly and prices have been falling so fast that the internal combustion engine (ICE) wouldn’t be able to compete for much longer, Seba, the author of “Clean Disruption of Energy and Transportation,” told the Thursday forum.

Read the source article at cnbc.com

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