New research: EVs will be cheapest vehicles to manufacture by 2027

STAMFORD, Connecticut: Market research firm Gartner has said that due to new manufacturing methods that are reducing production costs, battery-powered electric vehicles (EV) will be cheaper on average to produce than a comparable internal combustion engine by 2027.

Gartner added that production costs will fall considerably faster than the costs of batteries, which are the most expensive part of an EV and account