“Electricity is cheaper than fuel”

China
BYD’s new strategy: “Electricity is cheaper than fuel”

It’s not just the price of electricity for electric cars and hybrids in China that is cheaper than gasoline for combustion engines. The purchase costs of BYD electric cars are now also lower than those of gasoline cars.

“Electricity is cheaper than gasoline”: This is the new slogan that BYD sells its electric cars and hybrids. The new slogan is making traditional car managers, including those of Volkswagen in China, sweat with fear. Because it is a statement of fact and a direct declaration of war on the combustion engine.

It has long been a fact that the running costs of electric cars and hybrids are much lower than those of gasoline engines. This is especially true in China, where the government keeps electricity prices low in order to keep their industry from emitting emissions. In Shanghai or Beijing, it is now half as expensive to charge the battery of an electric or hybrid car as it is to fill the tank with petrol.