Mitsubishi develops electric cars locally | Bangkok Post: business

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Mitsubishi develops electric cars locally

Building better battery is key factor for success

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AYUTTHAYA : Electric vehicles (EVs) are on the fast track to competing with fossil-fuel vehicles, driven by ever-increasing oil prices. 

Nobuyuki Murahashi, the president of Mitsubishi Motors (Thailand) Co, said rising oil prices and concerns about carbon dioxide emissions are speeding up EV development.

This means the manufacturing costs of the cars and their weight as well as battery prices will decline in the future once economies of scale are reached, he said.

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