EV batteries prices collapsing

[Anonymous]

The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.

But this could change faster than we thought. The world’s largest maker of batteries for electric cars, China’s CATL, claims it will slash the cost of its batteries by up to 50% this year, as a price war kicks off with the second largest maker in China, BYD subsidiary FinDreams.

https://theconversation.com/a-battery-price-war-is-kicking-off-that-could-soon-make-electric-cars-cheaper-heres-how-225165

Goldman also forecasts a 40% reduction in battery pack prices over 2023 and 2024, followed by a continued decline to reach a total 50% reduction by 2025-2026. This reduction in price is because of mass manufacturing, technology improvements(increasing charge density) and reductions in raw materials cost. Major manufacturers(Toyota) are project 750 miles on one charge in a few years.

They are projecting EVs (without subsidies) will be the same cost or less as gas cars in the next year or two with longer range(350-425 miles).

We are looking to get another car this year but now I want to wait.

[jsteele]

When EVs fall below the prices of ICE cars, the flood gates will really open. But hopefully the charging infrastructure will be up to the task by then.

[Anonymous]

Anonymous wrote:

The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.

But this could change faster than we thought. The world’s largest maker of batteries for electric cars, China’s CATL, claims it will slash the cost of its batteries by up to 50% this year, as a price war kicks off with the second largest maker in China, BYD subsidiary FinDreams.

https://theconversation.com/a-battery-price-war-is-kicking-off-that-could-soon-make-electric-cars-cheaper-heres-how-225165

Goldman also forecasts a 40% reduction in battery pack prices over 2023 and 2024, followed by a continued decline to reach a total 50% reduction by 2025-2026. This reduction in price is because of mass manufacturing, technology improvements(increasing charge density) and reductions in raw materials cost. Major manufacturers(Toyota) are project 750 miles on one charge in a few years.

They are projecting EVs (without subsidies) will be the same cost or less as gas cars in the next year or two with longer range(350-425 miles).

We are looking to get another car this year but now I want to wait.

If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

[jsteele]

Anonymous wrote:If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

Prices are dropping due to production efficiencies and competition. Moreover, Chinese-manufactured batteries are subject to tariffs in the US so they might be cutting prices to remain competitive in the US. There is plenty of demand for EVs. July was a record month of sales. Fire risks are greatly exaggerated. ICE cars see a higher rate of fires. There is a car-b-que almost every day in DC but they don't get wall to wall coverage like a single EV fire does.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.

But this could change faster than we thought. The world’s largest maker of batteries for electric cars, China’s CATL, claims it will slash the cost of its batteries by up to 50% this year, as a price war kicks off with the second largest maker in China, BYD subsidiary FinDreams.

https://theconversation.com/a-battery-price-war-is-kicking-off-that-could-soon-make-electric-cars-cheaper-heres-how-225165

Goldman also forecasts a 40% reduction in battery pack prices over 2023 and 2024, followed by a continued decline to reach a total 50% reduction by 2025-2026. This reduction in price is because of mass manufacturing, technology improvements(increasing charge density) and reductions in raw materials cost. Major manufacturers(Toyota) are project 750 miles on one charge in a few years.

They are projecting EVs (without subsidies) will be the same cost or less as gas cars in the next year or two with longer range(350-425 miles).

We are looking to get another car this year but now I want to wait.

If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

Pricing does not purely travel a fixed supply demand curve. Technological innovation can shift the curve to create a price decrease while demand remains unchanged or even increases.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.

But this could change faster than we thought. The world’s largest maker of batteries for electric cars, China’s CATL, claims it will slash the cost of its batteries by up to 50% this year, as a price war kicks off with the second largest maker in China, BYD subsidiary FinDreams.

https://theconversation.com/a-battery-price-war-is-kicking-off-that-could-soon-make-electric-cars-cheaper-heres-how-225165

Goldman also forecasts a 40% reduction in battery pack prices over 2023 and 2024, followed by a continued decline to reach a total 50% reduction by 2025-2026. This reduction in price is because of mass manufacturing, technology improvements(increasing charge density) and reductions in raw materials cost. Major manufacturers(Toyota) are project 750 miles on one charge in a few years.

They are projecting EVs (without subsidies) will be the same cost or less as gas cars in the next year or two with longer range(350-425 miles).

We are looking to get another car this year but now I want to wait.

If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

Do EVs catch fire at a statistically significant higher rate than ICE vehicles?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.

But this could change faster than we thought. The world’s largest maker of batteries for electric cars, China’s CATL, claims it will slash the cost of its batteries by up to 50% this year, as a price war kicks off with the second largest maker in China, BYD subsidiary FinDreams.

https://theconversation.com/a-battery-price-war-is-kicking-off-that-could-soon-make-electric-cars-cheaper-heres-how-225165

Goldman also forecasts a 40% reduction in battery pack prices over 2023 and 2024, followed by a continued decline to reach a total 50% reduction by 2025-2026. This reduction in price is because of mass manufacturing, technology improvements(increasing charge density) and reductions in raw materials cost. Major manufacturers(Toyota) are project 750 miles on one charge in a few years.

They are projecting EVs (without subsidies) will be the same cost or less as gas cars in the next year or two with longer range(350-425 miles).

We are looking to get another car this year but now I want to wait.

If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

Do EVs catch fire at a statistically significant higher rate than ICE vehicles?

No remember ICE use gas. One gallon of gas is equal to 14 sticks of dynamite. Much, much more damage in an ICE. 10 gallons of gas is equivalent to 140 sticks of dynamite.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.

But this could change faster than we thought. The world’s largest maker of batteries for electric cars, China’s CATL, claims it will slash the cost of its batteries by up to 50% this year, as a price war kicks off with the second largest maker in China, BYD subsidiary FinDreams.

https://theconversation.com/a-battery-price-war-is-kicking-off-that-could-soon-make-electric-cars-cheaper-heres-how-225165

Goldman also forecasts a 40% reduction in battery pack prices over 2023 and 2024, followed by a continued decline to reach a total 50% reduction by 2025-2026. This reduction in price is because of mass manufacturing, technology improvements(increasing charge density) and reductions in raw materials cost. Major manufacturers(Toyota) are project 750 miles on one charge in a few years.

They are projecting EVs (without subsidies) will be the same cost or less as gas cars in the next year or two with longer range(350-425 miles).

We are looking to get another car this year but now I want to wait.

If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

Do EVs catch fire at a statistically significant higher rate than ICE vehicles?

Yes, around 10,000+ times more often.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.

But this could change faster than we thought. The world’s largest maker of batteries for electric cars, China’s CATL, claims it will slash the cost of its batteries by up to 50% this year, as a price war kicks off with the second largest maker in China, BYD subsidiary FinDreams.

https://theconversation.com/a-battery-price-war-is-kicking-off-that-could-soon-make-electric-cars-cheaper-heres-how-225165

Goldman also forecasts a 40% reduction in battery pack prices over 2023 and 2024, followed by a continued decline to reach a total 50% reduction by 2025-2026. This reduction in price is because of mass manufacturing, technology improvements(increasing charge density) and reductions in raw materials cost. Major manufacturers(Toyota) are project 750 miles on one charge in a few years.

They are projecting EVs (without subsidies) will be the same cost or less as gas cars in the next year or two with longer range(350-425 miles).

We are looking to get another car this year but now I want to wait.

If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

Do EVs catch fire at a statistically significant higher rate than ICE vehicles?

No remember ICE use gas. One gallon of gas is equal to 14 sticks of dynamite. Much, much more damage in an ICE. 10 gallons of gas is equivalent to 140 sticks of dynamite.

ICE engines don't spontaniously combust and explode as lithium batteries do.

[Anonymous]

The biggest concern regarding EVs is "range anxiety".

Ford is "pulling back" its EV spending. Demand is just not enough currently; consumers want hybrid vehicles.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.

But this could change faster than we thought. The world’s largest maker of batteries for electric cars, China’s CATL, claims it will slash the cost of its batteries by up to 50% this year, as a price war kicks off with the second largest maker in China, BYD subsidiary FinDreams.

https://theconversation.com/a-battery-price-war-is-kicking-off-that-could-soon-make-electric-cars-cheaper-heres-how-225165

Goldman also forecasts a 40% reduction in battery pack prices over 2023 and 2024, followed by a continued decline to reach a total 50% reduction by 2025-2026. This reduction in price is because of mass manufacturing, technology improvements(increasing charge density) and reductions in raw materials cost. Major manufacturers(Toyota) are project 750 miles on one charge in a few years.

They are projecting EVs (without subsidies) will be the same cost or less as gas cars in the next year or two with longer range(350-425 miles).

We are looking to get another car this year but now I want to wait.

If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

Do EVs catch fire at a statistically significant higher rate than ICE vehicles?

According to a review of studies done by Kelley Blue Book, no.

https://www.kbb.com/car-news/report-evs-less-likely-to-catch-fire-than-gas-powered-cars/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.

But this could change faster than we thought. The world’s largest maker of batteries for electric cars, China’s CATL, claims it will slash the cost of its batteries by up to 50% this year, as a price war kicks off with the second largest maker in China, BYD subsidiary FinDreams.

https://theconversation.com/a-battery-price-war-is-kicking-off-that-could-soon-make-electric-cars-cheaper-heres-how-225165

Goldman also forecasts a 40% reduction in battery pack prices over 2023 and 2024, followed by a continued decline to reach a total 50% reduction by 2025-2026. This reduction in price is because of mass manufacturing, technology improvements(increasing charge density) and reductions in raw materials cost. Major manufacturers(Toyota) are project 750 miles on one charge in a few years.

They are projecting EVs (without subsidies) will be the same cost or less as gas cars in the next year or two with longer range(350-425 miles).

We are looking to get another car this year but now I want to wait.

If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

Do EVs catch fire at a statistically significant higher rate than ICE vehicles?

No remember ICE use gas. One gallon of gas is equal to 14 sticks of dynamite. Much, much more damage in an ICE. 10 gallons of gas is equivalent to 140 sticks of dynamite.

ICE engines don't spontaniously combust and explode as lithium batteries do.

https://auto.howstuffworks.com/car-driving-safety/accidents-hazardous-conditions/10-causes-of-car-fires.htm#:~:text=Can%20a%20car%20spontaneously%20combust,levels%20or%20the%20engine%20temperature.

[Anonymous]

Anonymous wrote:The biggest concern regarding EVs is "range anxiety".

Ford is "pulling back" its EV spending. Demand is just not enough currently; consumers want hybrid vehicles.

Guess who is fueling that anxiety? Pun intended.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.

But this could change faster than we thought. The world’s largest maker of batteries for electric cars, China’s CATL, claims it will slash the cost of its batteries by up to 50% this year, as a price war kicks off with the second largest maker in China, BYD subsidiary FinDreams.

https://theconversation.com/a-battery-price-war-is-kicking-off-that-could-soon-make-electric-cars-cheaper-heres-how-225165

Goldman also forecasts a 40% reduction in battery pack prices over 2023 and 2024, followed by a continued decline to reach a total 50% reduction by 2025-2026. This reduction in price is because of mass manufacturing, technology improvements(increasing charge density) and reductions in raw materials cost. Major manufacturers(Toyota) are project 750 miles on one charge in a few years.

They are projecting EVs (without subsidies) will be the same cost or less as gas cars in the next year or two with longer range(350-425 miles).

We are looking to get another car this year but now I want to wait.

If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

Do EVs catch fire at a statistically significant higher rate than ICE vehicles?

No remember ICE use gas. One gallon of gas is equal to 14 sticks of dynamite. Much, much more damage in an ICE. 10 gallons of gas is equivalent to 140 sticks of dynamite.

ICE engines don't spontaniously combust and explode as lithium batteries do.

Right here in Bethesda. Headline "Maryland family's Nissan SUV spontaneously combusts in driveway"
https://www.youtube.com/watch?v=aduGVTnAbmI

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.

But this could change faster than we thought. The world’s largest maker of batteries for electric cars, China’s CATL, claims it will slash the cost of its batteries by up to 50% this year, as a price war kicks off with the second largest maker in China, BYD subsidiary FinDreams.

https://theconversation.com/a-battery-price-war-is-kicking-off-that-could-soon-make-electric-cars-cheaper-heres-how-225165

Goldman also forecasts a 40% reduction in battery pack prices over 2023 and 2024, followed by a continued decline to reach a total 50% reduction by 2025-2026. This reduction in price is because of mass manufacturing, technology improvements(increasing charge density) and reductions in raw materials cost. Major manufacturers(Toyota) are project 750 miles on one charge in a few years.

They are projecting EVs (without subsidies) will be the same cost or less as gas cars in the next year or two with longer range(350-425 miles).

We are looking to get another car this year but now I want to wait.

If there were demand for them, they would not be cutting prices that much.
People are abandoning EV's due to fire and explosion hazard risks.

Do EVs catch fire at a statistically significant higher rate than ICE vehicles?

No remember ICE use gas. One gallon of gas is equal to 14 sticks of dynamite. Much, much more damage in an ICE. 10 gallons of gas is equivalent to 140 sticks of dynamite.

ICE engines don't spontaniously combust and explode as lithium batteries do.

Right here in Bethesda. Headline "Maryland family's Nissan SUV spontaneously combusts in driveway"
https://www.youtube.com/watch?v=aduGVTnAbmI

LMAO never has happened. Someone torched it for insurance.