Why are electric cars still much more expensive than an internal combustion engine?

What needs to change so that the price of electric cars will drop significantly and be lower than the price of cars equipped with an internal combustion engine?

Is it only when the production of electric cars will multiply, popularize and be bigger than cars powered by an internal combustion engine, then only will the price of an electric car fall below those versions that are powered by traditional technology of burning minerals? Do other factors also determine this?

More and more car companies are introducing versions of some models of produced electrically powered cars into production, ie they are becoming part of the increasingly global trend of electromobility. However, electric cars are still much more expensive than those powered by an internal combustion engine. In some countries, the state pays a significant part of the purchase of an electric car.

An interesting issue is that pro-ecological technologies have been known for a long time but have not been introduced to mass production. When the production of cars started at the end of the 19th century and at the beginning of the 20th century, then electrically powered specimens appeared at that time, but mass production was not developed as part of the development of electromobility, but this method of power supply was replaced with internal combustion engines. Unfortunately, it took 100 years to finally take the issue of electromobility seriously.

In view of the above, I am asking you the following question:

Is it only when the production of electric cars will multiply, popularize and be bigger than cars powered by an internal combustion engine, then only will the price of an electric car fall below those versions that are powered by traditional technology of burning minerals? Do other factors also determine this?

What needs to be changed so that the production of electric cars will become the dominant standard in the automotive industry?

Please reply

I invite you to the discussion

Thank you very much

Best wishes

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