Lower costs have always led to major breakthroughs in the automobile industry.Think about the T Ford for instance, the first car for a wider public; the Volkswagen Beetle; or the Citroën 2CV (deux chevaux). A lot of people become overjoyed when they get to drive a Ferrari or a Lamborghini, but in the end it’s the cheaper models which turn out to be far more influential. This is one of the most important things that remains lacking in electric cars according to Isabel Wagner from the Statista research agency, as she states in the study ‘An overview of the electric car industry and associated technology’.

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About the author

Author profile picture Maurits Kuypers graduated as a macroeconomist from the University of Amsterdam, specialising in international work. He has been active as a journalist since 1997, first for 10 years on the editorial staff of Het Financieele Dagblad in Amsterdam, then as a freelance correspondent in Berlin and Central Europe. When it comes to technological innovations, he always has an eye for the financial feasibility of a project.