Tuesday, April 22, 2025

The price of electric cars will plummet in three years, the director promises

Electric cars are getting cheaper. In fact, within three years they will cost the same as the popular plug-in hybrids, believes Leap Motors director Tianshu Xin.

The Chinese car brand Leapmotor has, due to an agreement with Stellantis for production in Italy, quickly taken big steps towards the European market.

But according to Leap Motor director Tianshu Xin, the price of electric cars is one of the biggest challenges.

However, he sees a release on a horizon that is not so far away. The director notes that in China there is already no price difference between electric cars and plug-in hybrids. Something he expects to see happen in Europe. And very soon.

– Personally, I think we will achieve the same price in Europe within two to three years," he said during the Paris Motor Show, according to Automobilwoche.

Leapmotor differs from other Chinese car manufacturers by its quick execution. In less than a year, they have entered into agreements with the car giant Stellantis. The agreement means that the Chinese can have their cars built in Europe and thus avoid the EU's new punitive tariffs.

READ ALSO: Shock in the car industry – well-known company close to closure

The director also highlights the company's extensive network of dealers and service workshops. Something Leapmotor claims to have had in place from the beginning.

– We are very fast and have had a large dealer and service network from day one. Speed and service, that's how we succeed, believes Tianshu Xin.

According to Leapmotor, the combination of speed and a competitive price structure is the key to winning the favor of European car buyers, where electric cars continue to fight against the perception of being too expensive to purchase.

Something that i.a. is reflected in the behavior of German drivers. A new report from an insurance company shows that more than one in three German car owners regret having bought an electric car. Read more about it here .

Read more exciting news from and about the world of cars right here!

Latest

Don't miss

Tesla refuses to accept used Cybertrucks for trade-ins

The Cybertruck trade-in is over. At least at Tesla,...

Car sales in Russia collapse – 46 percent are gone

Chinese car brands such as Haval, Chery and Geely...

New figures: 93 percent of young people don't bother driving an electric car

High costs and expensive insurance keep young people away...

Tesla was damaged for 40,000 kroner before delivery

A new Tesla Model S Plaid for over DKK...

Donald Trump's tariffs force Tesla to stop

Elon Musk's plans for the Tesla Cybercab and the...
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

In 1 year, Audi owner got 563 speeding tickets in the same place

An Audi A6 owner in New York has racked up over 500 speed camera tickets in just 12 months. He still keeps his driver's...

Tire change destroyed electric car worth 380,000 kroner

An incorrect ceiling when changing a wheel on an electric car can have major financial consequences. The battery pack in particular is at risk....

The British military bans electric cars from China

The military authorities in England have banned Chinese electric cars near military bases in the country. There are fears that the cars are spying....

After criticism – electric cars get 5-year factory warranty in Denmark

Wismo Group, which imports the Stellantis Group's brands into Denmark, has received sharp criticism for poor warranty conditions. The factory warranty is now being...

Toyota moves towards electric cars – bets on 'gasoline of the future'

Toyota, Subaru, Mazda, Suzuki and Daihatsu don't just believe in electric cars. They are developing synthetic gasoline (eFuel) to make the cars that already...

Carnage at car company – fires 800 people immediately

Volvo Group and Mack Trucks are hit by uncertainty in the US. Donald Trump's tariff policy is leading to layoffs of hundreds of employees...

Tesla accused of mileage fraud to make warranty expire faster

A number of Tesla owners are now suing the car brand. They claim that the cars' odometers are systematically miscounted in order to make...

Hennessey F5 goes from 0 to 321 km/h in 10 seconds

The new Hennessey Venom F5 Evolution doesn't go fast. It flies low from 0 to 321 km/h in just 10 seconds. Fasten your seatbelt....

Expert predicts: All these car brands will go bankrupt

Experts predict tough future for Chinese car brands like Nio, Xpeng and Li Auto. Mergers are the only way forward in competition with giants...

New ban in China hits Tesla extra hard

Car manufacturers such as Tesla and Nio will now have to clarify how 'self-driving' their cars are. The authorities will also ban misleading advertising...

Tesla was damaged for 40,000 kroner before delivery

A new Tesla Model S Plaid for over DKK 1 million was delivered with so many hidden paint and panel damages that the government...

Car sales in Russia collapse – 46 percent are gone

Chinese car brands such as Haval, Chery and Geely Auto are suffering under Putin's new taxes in Russia. Sales are falling drastically, and even...