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Battery electric car price premium compared to internal combustion engine cars, 2018-2023

Last updated 10 Dec 2024

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Sources

IEA analysis based on data from BNEF, EV-Volumes and S&P Global Mobility.

Notes

In Europe the sales-weighted average battery electric vehicle prices are estimated considering the base model price growth between 2022 and 2023. Internal combustion engine car prices in Europe in 2023 are calculated using new car price growth in France in 2023.

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