CATL expects to sell batteries at $60 kWh or less in mid-2024, that 12 months ago it sold for $125 kWh. With further predicted price falls, this will knock $5,000 off the cost to make EVs by 2025.
CATL expects to sell batteries at $60 kWh or less in mid-2024, that 12 months ago it sold for $125 kWh. With further predicted price falls, this will knock $5,000 off the cost to make EVs by 2025.
The price war for power batteries is intensifying, with the world's two largest battery makers reportedly pushing battery costs down further.
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China is already making and selling EVs near the $10,000 price range with the old battery prices. Are we going to see the advent of EVs selling for near $5,000?
Combustion engine car makers are hurtling towards their Kodak moment. Everyone knew years in advance that digital cameras would crush the old film+processing camera business, yet amazingly some such as market leader Kodak failed to adapt. It feels the same with EVs. Some are still in denial that they're about to take over from ICE cars as the vast bulk of new cars made and bought.
Combustion engine car makers are hurtling towards their Kodak moment
If EV companies can collectively work on a proper open standards like the digital world, it would come a lot sooner and more people would benefit. It's not just about the price, there needs to be reliable access to charging stations, support, maintenance, easy/affordable access to repair parts, and recycling. But everyone wants to please their own shareholders, so we have things like EV graveyards. So it still remains to be seen how quickly we can phase out ICE cars.
Every EV with their own proprietary systems just adds to the dilemma for people who want to switch.
I feel like these pro-EV/solar comments are coming from out of touch rich fucks or literal kids.
Sure I’d love to adopt solar and reap the benefits of renewable energy! Oh wait, I pay a landlord corporation that would literally rather set money on fire than use it for infrastructure. And they’d just raise the rent to offset any of my savings.
Sure I’d love a 300-mile EV! I’ll buy one as soon as you convince my landlord corporation to install chargers and convince all the other corporate landlords to install them in case I move seeking lower rent!
Do you people just not understand home ownership does not exist as a reasonable life goal anymore?
If the feds don’t swing their dick around, EV is not happening. Credits and rebates don't cut it.
The 5000 refers to cars with bigger batteries than a 10.000 dollar car. Those might go down to 7 or 8 K, but new cars sold in Europe or the US will not likely go back down to below 15k. The necessary safety and environmental requirements, and minimum expectations on comfort, features and performance will likely keep prices relatively high-ish. Even the Citroën Ami is still 9k, and that's a 2 person city car with low range, barely any features, and loads of cost cutting. Awesome car, though.