Electric vehicles could cost less than $5,000 some day, Morgan Stanley analysts predict

The Citroën Ami costs around $6,600 in Europe.
Citroën
A new electric car could eventually cost as little as $3,000, Morgan Stanley analysts said.The bank expects electric-vehicle prices to continue to drop for the next decade at least.Plummeting EV prices could render gas-powered cars completely obsolete, they said.See more stories on Insider's business page.
The cheapest electric car for sale in the US right now is the Mini Electric, which retails for around $30,000. But some Wall S